Synopses & Reviews
For some seven decades, econometrics has been almost exclusiveley dealing with constructing and applying econometric equation systems, which constitute constraints in econometric optimization models. The second major component, the scalarvalued objective function, has only in recent years attracted more attention and some progress has been made. This book is devoted to theories, models and methods for constructing scalarvalued objective functions for econometric optimization models, to their applications, and to some related topics like historical issues about pioneering contributions by Ragnar Frisch and Jan Tinbergen.
Table of Contents
Opening Speech.- Keynote Addresses.- Representation of Preferences by Objective Functions.- Form of Objective Functions and Choice Operators.- Constructing Objective Functions from Interviews.- Optimization Issues of Objective Functions.- Applications of Objective Functions.- Objective Functions of Economic Policy.- Resource Allocation with Objective Functions.- Consumer Behavior and Equilibrium Applications.- Objective Functions in Game Theory.- Decision Support Systems.