System-Theoretic Methods in Economic Modelling I (International Series in Modern Applied Mathematics and Computer Science) (v. 1)

The value of applying system-theoretic concepts to economic modelling problems arises from the fact that it offers a unifying framework for modelling dynamic systems. In addition to offering this powerful conceptual framework, it provides a wide range of tools useful in applied work. System-theoretic techniques enter predominantly two stages of economic modelling efforts: the stage of model construction and the stage of model application in accordance with the modelling. The objective of this and subsequent volumes on System-Theoretic Methods in Economic Modelling I is to initiate and/or intensify dialogues between researchers and practitioners within and across the disciplines involved. This first volume brings together papers exhibiting a wide range of system-theoretic techniques and applications to economic problems. The papers have been divided into two groups, following roughly--but not necessarily--the above classification into the construction and application stages of economic modelling. The papers in the first group focus on the identification of dynamic and static systems, while the papers in the second group address dynamic optimization problems. Content: International Series in MODERN APPLIED MATHEMATICS AND COMPUTER SCIENCE, Page ii Front Matter, Page iii Copyright, Page iv PREFACE, Pages vii-viii, S. MITTNIK A TWO-STEP STATE SPACE TIME SERIES MODELING METHOD, Pages 1165-1176, M. AOKI SYSTEM THEORETIC TIME SERIES: AN APPLICATION TO INVENTORIES AND PRICES OF CALIFORNIA RANGE CATTLE, Pages 1177-1187, A.M. HAVENNER, K.R. CRIDDLE MULTIVARIATE TIME SERIES ANALYSIS WITH STATE SPACE MODELS, Pages 1189-1201, S. MITTNIK OPTIMAL FORECASTING OF DISCRETE STOCK AND FLOW DATA GENERATED BY A HIGHER ORDER CONTINUOUS TIME SYSTEM, Pages 1203-1214, A.R. BERGSTROM TIME-VARYING LINEAR REGRESSION VIA FLEXIBLE LEAST SQUARES, Pages 1215-1245, R. KALABA, L. TESFATSION NONSTATIONARY TIME SERIES IDENTIFICATION, Pages 1247-1258, H.-F. CHEN, L. GUO THE CODING THEOREM AND ORDINARY LEAST-SQUARES MODELS IN ECONOMICS, Pages 1259-1264, W.D. O'NEILL THE INFORMATION TABLEAU OF A LINEAR ALLOCATION MODEL, Pages 1265-1268, H. THEIL, C.-F. CHUNG THE PREJUDICES OF LEAST SQUARES, PRINCIPAL COMPONENTS AND COMMON FACTORS SCHEMES, Pages 1269-1283, C.A. LOS IDENTIFICATION OF A LINEAR SYSTEM FROM INEXACT DATA: A THREE-VARIABLE EXAMPLE, Pages 1285-1304, C.A. LOS A SUPERLINEARLY CONVERGENT CONSTRAINED MIN–MAX ALGORITHM FOR RIVAL MODELS OF THE SAME SYSTEM, Pages 1305-1316, B. RUSTEM COST-BENEFIT ANALYSIS WITH SWITCHING REGIMES: AN APPLICATION OF THE THEORY OF PLANNING, Pages 1317-1327, E. SHESHINSKI, M.D. INTRILIGATOR AN INTEGRATED SYSTEM MODEL FOR A FISHERY MANAGEMENT PROCESS—I: MODEL STRUCTURE, Pages 1329-1343, E. TSE, A. KHILNANI A LATTICE-THEORETIC APPROACH TO A CLASS OF DYNAMIC GAMES, Pages 1345-1349, R. AMIR Guest Editor, S. Mittnik ; General Editor, E.y. Rodin. Spine Title (both V.): Economic Modelling. Special Issues Of The Journal Computers & Mathematics With Applications, V. 17, No. 8/9 And V. 18, No. 6/7. Includes Bibliographical References.