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The Econometric Approach to Efficiency Analysis

William H. Greene

in The Measurement of Productive Efficiency and Productivity Change

Published in print:
2008
Published Online:
January 2008
ISBN:
9780195183528
eISBN:
9780199870288
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195183528.003.0002
Subject:
Economics and Finance, Econometrics

This chapter provides an overview of techniques for econometric analysis of technical (production) and economic (cost) efficiency. The stochastic frontier model of Aigner, Lovell, and Schmidt (1977) ... More


Computational Methods for the Study of Dynamic Economies

Ramon Marimon and Andrew Scott (eds)

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199248278
eISBN:
9780191596605
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0199248273.001.0001
Subject:
Economics and Finance, Macro- and Monetary Economics

Macroeconomics increasingly uses stochastic dynamic general equilibrium models to understand theoretical and policy issues. Unless very strong assumptions are made, understanding the properties of ... More


The ABMS Paradigm

Michael J. North and Charles M. Macal

in Managing Business Complexity: Discovering Strategic Solutions with Agent-Based Modeling and Simulation

Published in print:
2007
Published Online:
September 2007
ISBN:
9780195172119
eISBN:
9780199789894
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195172119.003.0002
Subject:
Business and Management, Strategy

This chapter discusses foundational issues in modeling, such as the differences between deterministic and stochastic models as well as the strategic, tactical, and operational model guidance ... More


Stochastic Modeling and Analysis

Richard M. Murray

in Biomolecular Feedback Systems

Published in print:
2014
Published Online:
October 2017
ISBN:
9780691161532
eISBN:
9781400850501
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691161532.003.0004
Subject:
Biology, Biochemistry / Molecular Biology

This chapter explores stochastic behavior in biomolecular systems. It does so by first building on the preliminary discussion of stochastic modeling laid out in Chapter 2. The chapter reviews methods ... More


Introduction

Anthony Garratt, Kevin Lee, M. Hashem Pesaran, and Yongcheol Shin

in Global and National Macroeconometric Modelling: A Long-Run Structural Approach

Published in print:
2006
Published Online:
September 2006
ISBN:
9780199296859
eISBN:
9780191603853
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199296855.003.0001
Subject:
Economics and Finance, Econometrics

This chapter introduces the long-run structural approach to modelling. It makes brief comparisons with the key alternative approaches, namely large-scale simultaneous equation models, unrestricted ... More


Reforming the German Civil Servant Pension Plan

Raimond Maurer, Olivia S. Mitchell, and Ralph Rogalla

in The Future of Public Employee Retirement Systems

Published in print:
2009
Published Online:
February 2010
ISBN:
9780199573349
eISBN:
9780191721946
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199573349.003.0009
Subject:
Business and Management, Public Management, Pensions and Pension Management

This chapter analyzes the risks and rewards of moving from an unfunded defined benefit pension system to a funded plan for civil servants in Germany, allowing for alternative portfolio mixes using a ... More


Applications to Financial Series

Christian Gouriéroux and Alain Monfort

in Simulation-based Econometric Methods

Published in print:
1997
Published Online:
November 2003
ISBN:
9780198774754
eISBN:
9780191596339
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198774753.003.0006
Subject:
Economics and Finance, Econometrics

Applications to estimation of Stochastic Differential Equations, Stochastic Volatility Models, and Factor Models are considered. The methods used are Indirect Inference, Simulated Moments (based on ... More


A Toolkit for Analysing Nonlinear Dynamic Stochastic Models Easily

Harald Uhlig

in Computational Methods for the Study of Dynamic Economies

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199248278
eISBN:
9780191596605
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199248273.003.0003
Subject:
Economics and Finance, Macro- and Monetary Economics

An extensive treatment is provided of methods that use log‐linear approximations to solve nonlinear dynamic discrete‐time stochastic models. These methods, based on their linear counterparts, have ... More


The Parameterized Expectations Approach: Some Practical Issues

Albert Marcet and Guido Lorenzoni

in Computational Methods for the Study of Dynamic Economies

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199248278
eISBN:
9780191596605
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199248273.003.0007
Subject:
Economics and Finance, Macro- and Monetary Economics

Some practical issues are discussed that relate to the use of the parameterized expectations approach (PEA) for solving nonlinear stochastic dynamic models with rational expectations. This approach ... More


Optimal Fiscal Policy in a Linear Stochastic Economy

Thomas J. Sargent and François R. Velde

in Computational Methods for the Study of Dynamic Economies

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199248278
eISBN:
9780191596605
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199248273.003.0009
Subject:
Economics and Finance, Macro- and Monetary Economics

The Lucas and Stokey (1983) economy without capital is used to exhibit features of the Lucas and Stokey model of optimal taxation, and show how they compare with Barro's (1979) tax‐smoothing model. ... More


Short‐Term Analysis of Macroeconomic Time Series

Agustín Maravall

in Economics Beyond the Millennium

Published in print:
1999
Published Online:
November 2003
ISBN:
9780198292111
eISBN:
9780191596537
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198292112.003.0015
Subject:
Economics and Finance, Macro- and Monetary Economics, Microeconomics

Agustin Maravall provides an account of the statistical methodology used in analysing the present situation and predicting the short‐term future. The analysis of the present consists of removing ... More


Biomolecular Feedback Systems

Domitilla Del Vecchio and Richard M. Murray

Published in print:
2014
Published Online:
October 2017
ISBN:
9780691161532
eISBN:
9781400850501
Item type:
book
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691161532.001.0001
Subject:
Biology, Biochemistry / Molecular Biology

This book provides an accessible introduction to the principles and tools for modeling, analyzing, and synthesizing biomolecular systems. It begins with modeling tools such as reaction-rate ... More


A Theory of Approximation for Stochastic Biochemical Processes

David Thorsley and Eric Klavins

in Control Theory and Systems Biology

Published in print:
2009
Published Online:
August 2013
ISBN:
9780262013345
eISBN:
9780262258906
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262013345.003.0012
Subject:
Biology, Biomathematics / Statistics and Data Analysis / Complexity Studies

This chapter analyzes stochastic models, demonstrating a powerful technique for model comparison and model calibration. The method uses the mathematical construct known as the Wasserstein ... More


Spatial Smoothing, Interactions and Geoadditive Regression

Ludwig Fahrmeir and Thomas Kneib

in Bayesian Smoothing and Regression for Longitudinal, Spatial and Event History Data

Published in print:
2011
Published Online:
September 2011
ISBN:
9780199533022
eISBN:
9780191728501
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199533022.003.0005
Subject:
Mathematics, Probability / Statistics, Biostatistics

This chapter provides an introduction to Bayesian spatial smoothing as a subject of interest in its own right, it points out the close relation between modelling interactions and spatial effects, and ... More


Application of Weighted Residual Methods to Dynamic Economic Models

Ellen R. McGrattan

in Computational Methods for the Study of Dynamic Economies

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199248278
eISBN:
9780191596605
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199248273.003.0006
Subject:
Economics and Finance, Macro- and Monetary Economics

Many problems in economics require the solution to a functional equation as an intermediate step, and typically, decision functions are sought that satisfy a set of Euler conditions or a value ... More


Discrete State‐Space Methods for the Study of Dynamic Economies

Craig Burnside

in Computational Methods for the Study of Dynamic Economies

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199248278
eISBN:
9780191596605
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199248273.003.0005
Subject:
Economics and Finance, Macro- and Monetary Economics

A number of numerical methods are discussed for solving dynamic stochastic general equilibrium models that fall within the common category of discrete state‐space methods. These methods can be ... More


Population ecology

Otso Ovaskainen, Henrik Johan de Knegt, and Maria del Mar Delgado

in Quantitative Ecology and Evolutionary Biology: Integrating models with data

Published in print:
2016
Published Online:
August 2016
ISBN:
9780198714866
eISBN:
9780191783210
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198714866.003.0003
Subject:
Biology, Ecology, Biomathematics / Statistics and Data Analysis / Complexity Studies

This chapter introduces mathematical and statistical modelling approaches in population ecology. It starts with a conceptual section, continues with mathematical and statistical sections, and ends ... More


Stochastic modeling: The impact of chance

Odo Diekmann, Hans Heesterbeek, and Tom Britton

in Mathematical Tools for Understanding Infectious Disease Dynamics

Published in print:
2012
Published Online:
October 2017
ISBN:
9780691155395
eISBN:
9781400845620
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691155395.003.0003
Subject:
Biology, Disease Ecology / Epidemiology

This chapter defines a stochastic counterpart to the homogeneous deterministic epidemic model introduced in Chapter 1. The model considers a homogeneous community of individuals that mix uniformly, ... More


Finite‐Difference Methods for Continuous‐Time Dynamic Programming

Graham V. Candler

in Computational Methods for the Study of Dynamic Economies

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199248278
eISBN:
9780191596605
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199248273.003.0008
Subject:
Economics and Finance, Macro- and Monetary Economics

Introduces some of the methods and underlying ideas behind computational fluid dynamics—in particular, the use is discussed of finite‐difference methods for the simulation of dynamic economies. A ... More


Testing parameter constancy

Timo Teräsvirta, Dag Tjøstheim, and W. J. Granger

in Modelling Nonlinear Economic Time Series

Published in print:
2010
Published Online:
May 2011
ISBN:
9780199587148
eISBN:
9780191595387
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199587148.003.0006
Subject:
Economics and Finance, Econometrics

This chapter begins by a introducing the well known Chow test of a single structural break in a linear model. The more general case in which the break‐point is assumed unknown is discussed next. This ... More


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