The Economic Analysis of Random Events
Author: Volkan Hacıoğlu
Publisher: Springer Nature
Published:
Total Pages: 195
ISBN-13: 3031530780
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Handbook of Corporate Finance
Author: Bjørn Espen Eckbo
Publisher: Elsevier
Published: 2007-05-21
Total Pages: 559
ISBN-13: 0080488919
DOWNLOAD EBOOKJudging by the sheer number of papers reviewed in this Handbook, the empirical analysis of firms' financing and investment decisions—empirical corporate finance—has become a dominant field in financial economics. The growing interest in everything "corporate is fueled by a healthy combination of fundamental theoretical developments and recent widespread access to large transactional data bases. A less scientific—but nevertheless important—source of inspiration is a growing awareness of the important social implications of corporate behavior and governance. This Handbook takes stock of the main empirical findings to date across an unprecedented spectrum of corporate finance issues, ranging from econometric methodology, to raising capital and capital structure choice, and to managerial incentives and corporate investment behavior. The surveys are written by leading empirical researchers that remain active in their respective areas of interest. With few exceptions, the writing style makes the chapters accessible to industry practitioners. For doctoral students and seasoned academics, the surveys offer dense roadmaps into the empirical research landscape and provide suggestions for future work.*The Handbooks in Finance series offers a broad group of outstanding volumes in various areas of finance*Each individual volume in the series should present an accurate self-contained survey of a sub-field of finance*The series is international in scope with contributions from field leaders the world over
Econometric Analysis of Cross Section and Panel Data, second edition
Author: Jeffrey M. Wooldridge
Publisher: MIT Press
Published: 2010-10-01
Total Pages: 1095
ISBN-13: 0262232588
DOWNLOAD EBOOKThe second edition of a comprehensive state-of-the-art graduate level text on microeconometric methods, substantially revised and updated. The second edition of this acclaimed graduate text provides a unified treatment of two methods used in contemporary econometric research, cross section and data panel methods. By focusing on assumptions that can be given behavioral content, the book maintains an appropriate level of rigor while emphasizing intuitive thinking. The analysis covers both linear and nonlinear models, including models with dynamics and/or individual heterogeneity. In addition to general estimation frameworks (particular methods of moments and maximum likelihood), specific linear and nonlinear methods are covered in detail, including probit and logit models and their multivariate, Tobit models, models for count data, censored and missing data schemes, causal (or treatment) effects, and duration analysis. Econometric Analysis of Cross Section and Panel Data was the first graduate econometrics text to focus on microeconomic data structures, allowing assumptions to be separated into population and sampling assumptions. This second edition has been substantially updated and revised. Improvements include a broader class of models for missing data problems; more detailed treatment of cluster problems, an important topic for empirical researchers; expanded discussion of "generalized instrumental variables" (GIV) estimation; new coverage (based on the author's own recent research) of inverse probability weighting; a more complete framework for estimating treatment effects with panel data, and a firmly established link between econometric approaches to nonlinear panel data and the "generalized estimating equation" literature popular in statistics and other fields. New attention is given to explaining when particular econometric methods can be applied; the goal is not only to tell readers what does work, but why certain "obvious" procedures do not. The numerous included exercises, both theoretical and computer-based, allow the reader to extend methods covered in the text and discover new insights.
Probability and Statistics for Economists
Author: Bruce Hansen
Publisher: Princeton University Press
Published: 2022-06-28
Total Pages: 417
ISBN-13: 0691236143
DOWNLOAD EBOOKA comprehensive and up-to-date introduction to the mathematics that all economics students need to know Probability theory is the quantitative language used to handle uncertainty and is the foundation of modern statistics. Probability and Statistics for Economists provides graduate and PhD students with an essential introduction to mathematical probability and statistical theory, which are the basis of the methods used in econometrics. This incisive textbook teaches fundamental concepts, emphasizes modern, real-world applications, and gives students an intuitive understanding of the mathematics that every economist needs to know. Covers probability and statistics with mathematical rigor while emphasizing intuitive explanations that are accessible to economics students of all backgrounds Discusses random variables, parametric and multivariate distributions, sampling, the law of large numbers, central limit theory, maximum likelihood estimation, numerical optimization, hypothesis testing, and more Features hundreds of exercises that enable students to learn by doing Includes an in-depth appendix summarizing important mathematical results as well as a wealth of real-world examples Can serve as a core textbook for a first-semester PhD course in econometrics and as a companion book to Bruce E. Hansen’s Econometrics Also an invaluable reference for researchers and practitioners
Urban Dynamics (Routledge Revivals)
Author: C.S. Bertuglia
Publisher: Routledge
Published: 2013-12-19
Total Pages: 315
ISBN-13: 1317829395
DOWNLOAD EBOOKOriginally published in 1990, this work analyses the use of contemporary computer models to simulate urban systems. The work deals with the two significant traditions of model-building: firstly the building of integrated models following the seminal research of Lowry first published in 1964, but with relatively simple submodels; and secondly, intensive research on particular submodels with a variety of techniques. This volume constructs a model-building exercise which integrates the two traditions: an integrated model (in a modular form with alternative components) using the most advanced submodels. The book concludes with a presentation of an example of an operational model of this type.
Economics of Dryland Management
Author: John A. Dixon
Publisher: Routledge
Published: 2013-11-05
Total Pages: 325
ISBN-13: 1134047061
DOWNLOAD EBOOKWe have always had land in which the agricultural productivity is limited because there is not enough moisture. Systems of farming and burning often degrade dryland further until it is desert. Today, however, the problem is becoming much more serious. Over 20 per cent of the world's population lives in dryland areas, and unless action is taken drylands will increase dramatically. This book focuses on the people who live and .farm in the drylands, their use of land resources and the economic returns from their decisions. In a clear and thorough economic appraisal, the authors show how it is still possible to arrest the problem. Originally published in 1989
Handbook of Irrigation Hydrology and Management
Author: Saeid Eslamian
Publisher: CRC Press
Published: 2023-05-31
Total Pages: 600
ISBN-13: 1000865312
DOWNLOAD EBOOKEver-increasing population growth has caused a proportional increased demand for water, and existing water sources are depleting day by day. Moreover, with the impact of climate change, the rates of rainfall in many regions have experienced a higher degree of variability. In many cities, government utilities have been struggling to maintain sufficient water for the residents and other users. The Handbook of Irrigation Hydrology and Management: Irrigation Case Studies examines and analyzes irrigated ecosystems in which water storage, applications, or drainage volumes are artificially controlled in the landscape and the spatial domain of processes varies from micrometers to tens of kilometers, while the temporal domain spans from seconds to centuries. The continuum science of irrigation hydrology includes the surface, subsurface (unsaturated and groundwater systems), atmospheric, and plant subsystems. Further, the book includes practical case studies from around the world, including locations such as Africa, Australia, China, India, the Middle East, the United States, and more. Features: Offers water-saving strategies to increase the judicious use of scarce water resources Presents strategies to maximize agricultural yield per unit of water used for different regions Compares irrigation methods to offset changing weather patterns and impacts of climate change
Financial Market Bubbles and Crashes, Second Edition
Author: Harold L. Vogel
Publisher: Springer
Published: 2018-08-16
Total Pages: 508
ISBN-13: 3319715283
DOWNLOAD EBOOKEconomists broadly define financial asset price bubbles as episodes in which prices rise with notable rapidity and depart from historically established asset valuation multiples and relationships. Financial economists have for decades attempted to study and interpret bubbles through the prisms of rational expectations, efficient markets, and equilibrium, arbitrage, and capital asset pricing models, but they have not made much if any progress toward a consistent and reliable theory that explains how and why bubbles (and crashes) evolve and can also be defined, measured, and compared. This book develops a new and different approach that is based on the central notion that bubbles and crashes reflect urgent short-side rationing, which means that, as such extreme conditions unfold, considerations of quantities owned or not owned begin to displace considerations of price.
Complexity and the Economy
Author: W. Brian Arthur
Publisher: Oxford University Press
Published: 2014-10-02
Total Pages: 241
ISBN-13: 0199334315
DOWNLOAD EBOOKEconomics is changing. In the last few years it has generated a number of new approaches. One of the most promising - complexity economics - was pioneered in the 1980s and 1990s by a small team at the Santa Fe Institute. Economist and complexity theorist W. Brian Arthur led that team, and in this book he collects many of his articles on this new approach. The traditional framework sees behavior in the economy as in an equilibrium steady state. People in the economy face well-defined problems and use perfect deductive reasoning to base their actions on. The complexity framework, by contrast, sees the economy as always in process, always changing. People try to make sense of the situations they face using whatever reasoning they have at hand, and together create outcomes they must individually react to anew. The resulting economy is not a well-ordered machine, but a complex evolving system that is imperfect, perpetually constructing itself anew, and brimming with vitality. The new vision complements and widens the standard one, and it helps answer many questions: Why does the stock market show moods and a psychology? Why do high-tech markets tend to lock in to the dominance of one or two very large players? How do economies form, and how do they continually alter in structure over time? The papers collected here were among the first to use evolutionary computation, agent-based modeling, and cognitive psychology. They cover topics as disparate as how markets form out of beliefs; how technology evolves over the long span of time; why systems and bureaucracies get more complicated as they evolve; and how financial crises can be foreseen and prevented in the future.
Applied Panel Data Analysis for Economic and Social Surveys
Author: Hans-Jürgen Andreß
Publisher: Springer Science & Business Media
Published: 2013-01-24
Total Pages: 338
ISBN-13: 3642329144
DOWNLOAD EBOOKMany economic and social surveys are designed as panel studies, which provide important data for describing social changes and testing causal relations between social phenomena. This textbook shows how to manage, describe, and model these kinds of data. It presents models for continuous and categorical dependent variables, focusing either on the level of these variables at different points in time or on their change over time. It covers fixed and random effects models, models for change scores and event history models. All statistical methods are explained in an application-centered style using research examples from scholarly journals, which can be replicated by the reader through data provided on the accompanying website. As all models are compared to each other, it provides valuable assistance with choosing the right model in applied research. The textbook is directed at master and doctoral students as well as applied researchers in the social sciences, psychology, business administration and economics. Readers should be familiar with linear regression and have a good understanding of ordinary least squares estimation.
