Modeling and Control of Economic Systems 2001. A Proceedings volume from the 10th IFAC Symposium, Klagenfurt, Austria, 6 – 8 September 2001

This volume contains papers presented at the IFAC symposium on Modeling and control of Economic Systems (SME 2001), which was held at the university of Klagenfurt, Austria. The symposium brought together scientists and users to explore current theoretical developments of modeling techniques for economic systems. It contains a section of plenary, invited and contributed papers presented at the SME 2001 symposium. The papers presented in this volume reflect advances both in methodology and in applications in the area of modeling and control of economic systems. Read more... Content: Contents , Pages vii-x Introduction , Pages v-vi Chapter 1 - Paradigms for Robustness in Controller and Filter Designs , Pages 1-12 , Tamer Başar Chapter 2 - Minimax Algorithms with Applications in Finance and Engineering , Pages 13-17 , Steven Asprey, Berc Rustem, Stanislav saković Chapter 3 - Singular Characteristics of the HJBI Equation in State Constraint Optimal Control Problems , Pages 19-21 , Arik Melikyan Chapter 4 - Soft-Constrained Feedback Nash Equilibria , Pages 23-28 , J.C. Engwerda, W.A. van den Broek, J.M. Schumacher Chapter 5 - Unique Open Loop Nash Equilibria on the Infinite Time Horizon , Pages 29-34 , Gerhard Jank, Dirk Kremer, Gábor Kun Chapter 6 - A Geometric Approach to Infinite Horizon Linear Quadratic Differential Games , Pages 35-40 , A.J.T.M. Weeren Chapter 7 - Coordination of Long-Term and Short-Term Payoffs in Dynamic Bimatrix Games , Pages 41-46 , A.M. Tarasyev Chapter 8 - Optgame 1.0: A Numerical Algorithm to Determine Solutions for Two-Person Difference Games , Pages 47-58 , Doris A. Behrens, Manfred Hager, Reinhard Neck Chapter 9 - Time-Consistent Agreeable Solutions in an Environmental Pollution Game , Pages 59-64 , Leon A. Petrosjan, Ralph Villiger Chapter 10 - Competition and Cooperation in International Commercial Fishing , Pages 65-68 , Ferenc Szidarovszky, Koji Okuguchi Chapter 11 - Tariffs vs. Quotas in a Trade Model with Capital Accumulation , Pages 69-74 , Giacomo Calzolari, Luca Lambertini Chapter 12 - Sustainable Growth in a North-South Trade Model , Pages 75-80 , Francisco Cabo, Guiomar Martín-Herrán, María Pilar Martínez-García Chapter 13 - The Stability of Multi-Country Unions: System Theoretic Issues and Policy Implications , Pages 81-86 , Paolo Caravani Chapter 14 - Coalitional Behavior in an Open-Loop LQ-Differential Game for the EMU , Pages 87-92 , B. van Aarle, G. Di Bartolomeo, J. Engwerda, J. Plasmans Chapter 15 - Paradoxical Degradation of Performance Under Nash Non-Cooperative Optimization in Symmetric Network Systems , Pages 93-98 , Hisao Kameda, Odile Pourtallier Chapter 16 - Effects of Symmetry on Paradoxical Cost Degradation in a Nash Non-Cooperative Network System , Pages 99-104 , Hisao Kameda, Makoto Ohta, Yoshihisa Hosokawa Chapter 17 - Maximum Likelihood Estimation of Parameters in State-Space Models , Pages 105-109 , Jan Vlček Chapter 18 - Identification and Analysis of the Naip Model within a State-Space Framework , Pages 111-115 , Osvald Vašíček, Martin Fukač Chapter 19 - Linear Dynamical Models with Time Lags , Pages 117-121 , A.V. Prasolov Chapter 20 - A Spectral Analysis of the Short-End of the British Term Structure , Pages 123-128 , Andrew Hughes Hallett, Christian R. Richter Chapter 21 - Specification of Varma Echelon form Models , Pages 129-136 , Zaka Ratsimalahelo Chapter 22 - Computer-Automated Single-Equation General-to-Specific Reduction Procedures for Vector Autoregressions , Pages 137-142 , Hans-Martin Krolzig Chapter 23 - Alternative Models of Adaptive and Near-Rational Expectations — Classification by Bootstrap Filter , Pages 143-146 , Jan Štecha, Jirí Trinkewitz, Osvald Vašícek, Martin Fukač Chapter 24 - A Model for the Optimization of Leasing Rates in the Automotive Market , Pages 147-152 , Wilm Eggert, Tomas Hrycej Chapter 25 - An Econometric Problem and a Heuristic-Semiotic Solution , Pages 153-156 , Ana Marostica Chapter 26 - Endogenous Fertility, Pension Programs and Intergenerational Welfare , Pages 157-161 , J. Ignacio Conde-Ruiz, Eduardo L. Giménez, Mikel Pérez-Nievas Chapter 27 - Trade and Labor Flows Between Countries with Young and Aging Populations , Pages 163-168 , Serdar Sayan Chapter 28 - Asymmetric Population Ageing, Open Economy, and Fiscal Policy , Pages 169-174 , Mehmet Serkan Tosun Chapter 29 - The Inter-Regional Consequences of Population Ageing in Canada , Pages 175-179 , Jean Mercenier, Marcel Mérette Chapter 30 - On a Set-Valued Dynamic Model of Investment Portfolio Reconstruction , Pages 181-185 , Oleg Nikonov Chapter 31 - Non-Parametric Estimation of Diffusion-Paths Using Wavelet Scaling Methods , Pages 187-189 , Esben P. Høg Chapter 32 - Equilibrium and Learning in a Non-Stationary Environment , Pages 191-196 , Klaus Pötzelberger, Leopold Sögner Chapter 33 - Self-Adjustment of the Attraction Channel of Stock Market , Pages 197-199 , V.G. Kleparskiy Chapter 34 - Corporate Control and Capital Structure Decisions Considering Unobserved Heterogeneity , Pages 201-206 , J. Bonet-Madurga, E.J. Menéndez-Alonso, S. Gómez-Ansón Chapter 35 - A Stable Cointegrated Var Model for Credit Returns with Time-Varying Volatility , Pages 207-212 , Bernhard Martin, Svetlozar T. Rachev Chapter 36 - Non-Gaussian Distribution for Var Calculation: An Assessment for the Italian Market , Pages 213-218 , Andrea Consiglio, Ivar Massabò, Sergio Ortobelli Chapter 37 - Stable Modeling of Energy Risk , Pages 219-224 , Irina Khindanova, Zauresh Atkhanova, Svetlozar Rachev Chapter 38 - A Comparison of Gaussian and Non-Gaussian Portfolio Choice Models , Pages 225-230 , Sergio Ortobelli, Isabella Huber, Markus Höchstötter, Svetlozar Rachev Chapter 39 - Modelling a Bio-Pharmaceutical Company as a Compound Option , Pages 231-236 , Stefan Wörner, Boryana Racheva-Iotova, Stoyan Stoyanov Chapter 40 - Regulation and Risk Management in the Greek Financial Markets , Pages 237-242 , Svetlozar T. Rachev, Irina N. Khindanova, Bessy D. Athanasopoulos Chapter 41 - Optimization of Dynamic Models of the Firm , Pages 243-248 , N.M. Dmitruk Chapter 42 - Parametric Sensitivity Analysis of a Realistic Concern Model , Pages 249-254 , Christof Büskens, Kurt Chudej, Susanne Winderl Chapter 43 - Management Support Tool for Complex Production Plant Scenarios , Pages 255-260 , René Trax, Karl Fürst, Gerfried Zeichen Chapter 44 - Validation by Simulation of Enterprise Models , Pages 261-266 , Marek Kacprzak, Andrzej Kaczmarczyk Chapter 45 - Modelling Organizational Coordination , Pages 267-272 , László Cserny Chapter 46 - Demand Model of the Automobile Life Cycle Based on Temporal Substitution , Pages 273-278 , Tomas Hrycej, Wilm Eggert Chapter 47 - Decision Tools for Electricity Transmission Service and Pricing , Pages 279-284 , Ozge Nadia Gozum, Marija D. Ilic Chapter 48 - Investment Dynamics and Long Term Price Trends in Competitive Electricity Markets , Pages 285-290 , Petter Skantze, Marija D. Ilic Chapter 49 - Models for Railway Traffic Management , Pages 291-295 , Jerzy Holubiec, Grażyna Petriczek Chapter 50 - Modeling the Regional Economy: A Regional Econometric Input-Output Approach , Pages 297-302 , Oliver Fritz, Raimund Kurzmann, Wolfgang Pointner, Gerhard Streicher, Gerold Zakarias Chapter 51 - Regional Strategy and Sustainable Development , Pages 303-308 , Jerzy Holubiec, Joanna Malicka-Wąsowska Chapter 52 - A Stochastic Blanchard Model with a State-of-Market Dependent Reaction Coefficient , Pages 309-313 , Carl Chiarella, Peter Flaschel, Willi Semmler, Peiyuan Zhu Chapter 53 - The Emergence of the Phillips Curve as an Attractor , Pages 315-322 , Luca Colombo, Gerd Weinrich Chapter 54 - Monetary Policy, Non-Uniqueness of Steady States and Hysteresis Effects , Pages 323-328 , Alfred Greiner, Willi Semmler Chapter 55 - A Keynesian Based Econometric Framework for Studying Monetary Policy Rules , Pages 329-334 , Peter Flaschel, Gang Gong, Willi Semmler Chapter 56 - Predictive Constrained Policy Generation for Macroeconomic Systems , Pages 335-340 , Ric D. Herbert, Rodney D. Bell Chapter 57 - Growth Determinants of Poland's Economic Potential , Pages 341-348 , Władysław Welfe Chapter 58 - Preconditioning in Economic Stochastic Growth Models , Pages 349-353 , Mico Mrkaic, Giorgio Pauletto Chapter 59 - An Eco-Efficiency Analysis of an Economy , Pages 355-359 , Mikuláš Luptáčik Chapter 60 - Macromoli, a World Wide Catalogue of Economic Models , Pages 361-364 , Götz Uebe Chapter 61 - Short-Term Compumetric Forecast of Crude Oil Prices , Pages 365-370 , M.A. Kaboudan Chapter 62 - Optimal Neuro-Predictive Stabilization Policy for National Balance Model of Japan , Pages 371-376 , Yukio Ito Chapter 63 - Evolutionary Strategies: A New Macroeconomic Policy Tool? , Pages 377-381 , Graham Kendall, Jane M Binner, Alicia M Gazely Chapter 64 - The Loan Granting Procedure: Artificial Neural Networks, Discriminant Analysis, K-Means Method , Pages 383-387 , Dorota Witkowska, Wladyslaw Kaminski, Iwona Staniec Chapter 65 - Comparative Analysis of Results Obtained by Utilizing Expert Systems and Neural Networks in Financial Analysis , Pages 389-393 , Adrian Kapczynski, Tomasz Zurek Chapter 66 - A Fuzzy Expert System for Evaluating University Teaching Efficiency , Pages 395-400 , Michele Lalla, Gisella Facchinetti, Giovanni Mastroleo Chapter 67 - Validation of Agent-Based Models of Financial Markets , Pages 401-406 , Peter Winker, Manfred Gilli Chapter 68 - An Agent-Based Approach to Modeling Electricity Spot Markets , Pages 407-412 , Poonsaeng Visudhiphan, Marija D. Ilic Chapter 69 - Flexible Learning of Optimal Strategies , Pages 413-418 , Roger A. McCain Chapter 70 - The Influence of Network Structures in a Model of Technological Evolution , Pages 419-423 , Mateu Llas, Albert Díaz-Guilera, Conrad J. Pérez Chapter 71 - Social Recommendations Rather Than Social Values , Pages 425-430 , Hakan Aksoy, Erdem Basci Author Index , Page 431

This volume contains papers presented at the IFAC symposium on Modeling and control of Economic Systems (SME 2001), which was held at the university of Klagenfurt, Austria. The symposium brought together scientists and users to explore current theoretical developments of modeling techniques for economic systems. It contains a section of plenary, invited and contributed papers presented at the SME 2001 symposium. The papers presented in this volume reflect advances both in methodology and in applications in the area of modeling and control of economic systems.