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Causal theories, models and evidence in economics—some reflections from the natural sciences
Cogent Economics & Finance, 2017 Models have been extensively analysed in economic methodology, notably their degree of ability to provide explanations. This paper takes a complementary, comparative approach, examining theory development in the natural sciences.
Michael Joffe
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MathematicsThis paper is devoted to the study of stochastic optimal control of averaged stochastic differential delay equations (SDDEs) with semi-Markov switchings and their applications in economics.
Mariya Svishchuk, Anatoliy V. Swishchuk
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Central applications of Tesfay coordination in transportation supply chain: Case of airline industry
Journal of Traffic and Transportation Engineering (English ed. Online), 2019 This paper is extensions of the Tesfay (2014) paper on the Bullwhip effects and Tesfay (2015) paper on the foundations of the Bullwhip effect and its implications on the theory of organizational coordination.
Yohannes Yebabe Tesfay
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Applied Economic Perspectives and Policy, EarlyView.ABSTRACT Increased frequency of extreme weather events, particularly droughts, threatens grassland farming by destabilizing yields and farms' economic viability. We examine, theoretically and through numerical simulations, how sown plant diversity (natural insurance) influences the attractiveness of indemnity and drought index insurance (formal ...
Nicolas Alou +3 more
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Foreign labor, peer‐networking and agricultural efficiency in the Italian dairy sector
Agribusiness, EarlyView.Abstract While the presence of immigrants in the agricultural sector is widely acknowledged, the empirical evidence on its economic consequences is lacking, especially from a microeconomic perspective. Using the Farm Accountancy Data Network panel data for Italian dairy farms in the period 2008–2018, the present study investigates the relationship ...
Federico Antonioli +2 more
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The Elasticity of a Random Variable as a Tool for Measuring and Assessing Risks
Risks, 2022 Elasticity is a very popular concept in economics and physics, recently exported and reinterpreted in the statistical field, where it has given form to the so-called elasticity function.
Ernesto-Jesús Veres-Ferrer +1 more
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Climate Change Mitigation in the Dairy Sector: Uncovering Heterogeneity Through Eco‐Efficiency Clubs
Agribusiness, EarlyView.ABSTRACT Combining climate change goals with economic targets is crucial for the dairy sector, which is a significant contributor to agricultural greenhouse gas (GHG) emissions worldwide. In this paper, we assess economic and climate change implications of dairy production with panel data of Irish dairy farms from 2013 to 2021.
Doris Läpple +2 more
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Alternative Asymmetric Stochastic Volatility Models [PDF]
The stochastic volatility model usually incorporates asymmetric effects by introducing the negative correlation between the innovations in returns and volatility.
Michael McAleer, Manabu Asai
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SIMULATION TECHNOLOGIES IN THE MODELLING USERS’ BEHAVIORS IN THE PHARMACEUTICAL MARKET
Вісник Харківського національного університету імені В.Н. Каразіна: Серія Економіка, 2019 The creation of a new branch of economics – behavioural economics studying the features of decision-making, resulted in changes of a number of fundamental ideas.
Zoia Sokolovska, Irina Kapustya
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Research Trend, Logical Structure and Outlook on Complex Economic Game
Mathematics, 2023 Diseases, natural disasters, and other emergencies force the economy and management system to confront nonlinear and random changes. In recent years, complexity science has attracted much attention.
Fang Wu, Junhai Ma
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