Call Us 080-41656200 (Mon-Sat: 10AM-8PM)
Free Shipping above Rs. 1499
Cash On Delivery*

Econometric specification of constrained optimization models

 

Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
Delivery in :  10-12 Business Days

 

Check Your Delivery Options

 
Rs. 2,973

Availability: In stock

 
  • Product Description
 

Many real-world phenomena, in particular in economics, are modelled as constrained optimization problems. The usefulness of such models depends on the values of their parameters – garbage in, garbage out. Traditional statistical methods generally lack the ability to make efficient use of the multiple data sources upon which such models depend and to provide estimates that are consistent with a model structure that may be both non-linear and inequality-constrained. This is book proposes and demonstrates methods for econometric specification of parameters of constrained optimization models, with special attention to issues that arise when (i) inequality constraints are involved and/or (ii) when the estimation problem is ill-posed (underdetermined) or data come from diverse sources. The general approach followed here is to directly estimate the optimality conditions of the optimization model, together with additional equations for including prior information. The book blends theoretical analyses with didactic as well as full-scale empirical applications, and should prove useful to applied modellers in various areas.

Product Specifications
SKU :COC77067
AuthorTorbjörn Jansson
LanguageEnglish
BindingPaperback
Number of Pages124
Publishing Year2014-03-11T00:00:00.000
ISBN9783659192432
Edition1 st
Book TypePolitical science & theory
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-10-08 00:00:00
0 Review(s)