The Economy as a Complex Spatial System

The Economy as a Complex Spatial System PDF Author: Pasquale Commendatore
Publisher: Springer
ISBN: 3319656279
Category : Science
Languages : en
Pages : 227

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Book Description
This book is open access under a CC BY-NC 4.0 license. This collected volume represents the final outcome of the COST Action IS1104 “The EU in the new complex geography of economic systems: models, tools and policy evaluation”. Visualizing the EU as a complex and multi-layered network, the book is organized in three parts, each of them dealing with a different level of analysis: At the macro-level, Part I considers the interactions within large economic systems (regions or countries) involving trade, workers migration, and other factor movements. At the meso-level, Part II discusses interactions within specific but wide-ranging markets, with a focus on financial markets and banking systems. Lastly, at the micro-level, Part III explores the decision-making of single firms, especially in the context of location decisions.

The Complex Dynamics of Economic Interaction

The Complex Dynamics of Economic Interaction PDF Author: Mauro Gallegati
Publisher: Springer Science & Business Media
ISBN: 3642170455
Category : Business & Economics
Languages : en
Pages : 404

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Book Description
The economy is examined by the authors as a complex interactive system. The emphasis is on the direct interaction between agents rather than on the indirect and autonomous interaction through the market mechanism. Contributions from economists and physicists emphasise the consequences for aggregate behaviour of the interaction between agents with limited rationality. Models of financial markets which exhibit many of the stylised facts of empirical markets such as bubbles, herd behaviour and long memory are presented. This includes contributions on bargaining, buyer-seller relations, the evolution of economic networks and several aspects of macro-economic behaviour. This book will be of interest to all those interested in the foundations of collective social and economic behaviour and in particular, to those concerned with the dynamics of market behaviour and recent applications of physics to economics.

The Economy as a Complex Spatial System

The Economy as a Complex Spatial System PDF Author: Pasquale Commendatore
Publisher: Springer
ISBN: 3319656279
Category : Science
Languages : en
Pages : 227

Get Book Here

Book Description
This book is open access under a CC BY-NC 4.0 license. This collected volume represents the final outcome of the COST Action IS1104 “The EU in the new complex geography of economic systems: models, tools and policy evaluation”. Visualizing the EU as a complex and multi-layered network, the book is organized in three parts, each of them dealing with a different level of analysis: At the macro-level, Part I considers the interactions within large economic systems (regions or countries) involving trade, workers migration, and other factor movements. At the meso-level, Part II discusses interactions within specific but wide-ranging markets, with a focus on financial markets and banking systems. Lastly, at the micro-level, Part III explores the decision-making of single firms, especially in the context of location decisions.

Nonlinear Dynamics and Heterogeneous Interacting Agents

Nonlinear Dynamics and Heterogeneous Interacting Agents PDF Author: Thomas Lux
Publisher: Springer Science & Business Media
ISBN: 3540272968
Category : Business & Economics
Languages : en
Pages : 326

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Book Description
Economic application of nonlinear dynamics, microscopic agent-based modelling, and the use of artificial intelligence techniques as learning devices of boundedly rational actors are among the most exciting interdisciplinary ventures of economic theory over the past decade. This volume provides us with a most fascinating series of examples on "complexity in action" exemplifying the scope and explanatory power of these innovative approaches.

Behavioral Interactions, Markets, and Economic Dynamics

Behavioral Interactions, Markets, and Economic Dynamics PDF Author: Shinsuke Ikeda
Publisher: Springer
ISBN: 4431555013
Category : Business & Economics
Languages : en
Pages : 668

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Book Description
This book collects important contributions in behavioral economics and related topics, mainly by Japanese researchers, to provide new perspectives for the future development of economics and behavioral economics. The volume focuses especially on economic studies that examine interactions of multiple agents and/or market phenomena by using behavioral economics models. Reflecting the diverse fields of the editors, the book captures broad influences of behavioral economics on various topics in economics. Those subjects include parental altruism, economic growth and development, the relative and permanent income hypotheses, wealth distribution, asset price bubbles, auctions, search, contracts, personnel management and market efficiency and anomalies in financial markets. The chapter authors have added newly written addenda to the original articles in which they address their own subsequent works, supplementary analyses, detailed information on the underlying data and/or recent literature surveys. This will help readers to further understand recent developments in behavioral economics and related research.

Dynamics of Markets

Dynamics of Markets PDF Author: Joseph L. McCauley
Publisher: Cambridge University Press
ISBN: 1139479571
Category : Business & Economics
Languages : en
Pages : 287

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Book Description
This second edition presents the advances made in finance market analysis since 2005. The book provides a careful introduction to stochastic methods along with approximate ensembles for a single, historic time series. The new edition explains the history leading up to the biggest economic disaster of the 21st century. Empirical evidence for finance market instability under deregulation is given, together with a history of the explosion of the US Dollar worldwide. A model shows how bounds set by a central bank stabilized FX in the gold standard era, illustrating the effect of regulations. The book presents economic and finance theory thoroughly and critically, including rational expectations, cointegration and arch/garch methods, and replaces several of those misconceptions by empirically based ideas. This book will be of interest to finance theorists, traders, economists, physicists and engineers, and leads the reader to the frontier of research in time series analysis.

Handbook of Financial Markets: Dynamics and Evolution

Handbook of Financial Markets: Dynamics and Evolution PDF Author: Thorsten Hens
Publisher: Elsevier
ISBN: 0080921434
Category : Business & Economics
Languages : en
Pages : 607

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Book Description
The models of portfolio selection and asset price dynamics in this volume seek to explain the market dynamics of asset prices. Presenting a range of analytical, empirical, and numerical techniques as well as several different modeling approaches, the authors depict the state of debate on the market selection hypothesis. By explicitly assuming the heterogeneity of investors, they present models that are descriptive and normative as well, making the volume useful for both finance theorists and financial practitioners. - Explains the market dynamics of asset prices, offering insights about asset management approaches - Assumes a heterogeneity of investors that yields descriptive and normative models of portfolio selections and asset pricing dynamics

The Dynamics of Auction

The Dynamics of Auction PDF Author: Christian Heath
Publisher: Cambridge University Press
ISBN: 0521767407
Category : Antiques & Collectibles
Languages : en
Pages : 265

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Book Description
Addresses how social interaction forms the foundation to sale of art and antiques worth many billions of pounds each year.

Competitive-cum-Cooperative Interfirm Relations and Dynamics in the Japanese Semiconductor Industry

Competitive-cum-Cooperative Interfirm Relations and Dynamics in the Japanese Semiconductor Industry PDF Author: Yoshitaka Okada
Publisher: Springer Science & Business Media
ISBN: 4431679235
Category : Technology & Engineering
Languages : en
Pages : 250

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Book Description
Japanese semiconductor firms are well known for obtaining dynamics in a short period of time and achieving even global leadership. A significant portion of their success are attributable to cooperative interfirm relations and the development of intermediate organizational structure based on long-term relationship between firms. The purpose of this book is to explain how interfirm relations contributed to their dynamics during the golden age of the semiconductor industry. Meanwhile this book clarifies the real source of dynamics in interfirm relations and how the firms have interacted. The author concludes that the competitive-cum-cooperative (CCC) interfirm interaction are observed. Quantitative and qualitative findings show that firms enjoy not only flexible cooperation based synergy effects, but also dynamics market-like effects by creating competition among partners through CCC interaction.

Multidisciplinary Analysis of Digital Transformation and Global Market Dynamics

Multidisciplinary Analysis of Digital Transformation and Global Market Dynamics PDF Author: Hassan, Ahdi
Publisher: IGI Global
ISBN:
Category : Business & Economics
Languages : en
Pages : 434

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Book Description
In today's fast-evolving digital landscape, businesses, governments, and societies are grappling with the complex challenges of digital transformation. From shifting market dynamics to integrating new technologies, the need for a comprehensive understanding of these changes has never been greater. Traditional industries, such as transport and logistics, face the daunting task of re-engineering themselves to remain competitive in a digitally driven world. Furthermore, the economic security of regions and nations is increasingly dependent on data analytics and risk assessment, making it crucial for policymakers to adapt to this new paradigm. Multidisciplinary Analysis of Digital Transformation and Global Market Dynamics offers a compelling solution to these pressing challenges. By consolidating insights and empirical findings from the GDTM conference series, this book provides a holistic understanding of the impact of digital transformation on markets globally. It dissects critical topics such as the development of transport and logistic activities in the digital age, the economic security of regions, and the digitalization of traditional industries like business and banking. Professionals in fields ranging from technology to urban planning can benefit from its examination of business models reshaping traditional industries and the role of business ecosystems in this transformative journey.

The Dynamics of M&A Strategy

The Dynamics of M&A Strategy PDF Author: Björn B. Schmidt
Publisher: Peter Lang
ISBN: 9783631600931
Category : Business & Economics
Languages : en
Pages : 362

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Book Description
China's banking sector has witnessed significant inbound M&A traffic by developed market banks in recent years. At the same time, Chinese banks have risen to become some of the world's biggest banks. Along with these massive market values and financing capabilities have come global ambitions culminating in first outbound M&A moves. This study exploratively researches the relationship between developed market banks' inbound M&A into China and Chinese banks' outbound M&A. Based on a conceptual discussion, case studies and expert interviews an explanation model is developed outlining the drivers and barriers of Chinese banks' outbound M&A and the factors in the inbound-outbound relationship. This model enables developed market banks to analyse potential M&A reactions by incumbents. Finally, dynamic M&A market entry strategies are derived, which explicitly account for future incumbent outbound M&A moves.