Computation in Economics, Finance and Engineering: Economic Systems 1998 (IFAC Proceedings Volumes)

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9780080430485: Computation in Economics, Finance and Engineering: Economic Systems 1998 (IFAC Proceedings Volumes)

This volume contains papers that were presented at the Symposium on Computation in Economics and Finance organised under the auspices of the International Federation of Automatic Control and the Society for Computational Economics.

The Conference was held at Cambridge University, UK, from 29th June to the 1st July 1998. It attracted many members of the international academic and research community in computational economics, finance and econometrics.

This volume brings together a number of papers that demonstrate the use of computational methods in a variety of areas in economics and finance. The contributions to the Symposium reflect the various shifts in the profession and the increasing use of computationally intensive techniques for the analysis of economic processes.

Papers have been grouped into sections, according to their context rather than in the order in which they were presented.

Section 1 groups papers in the area of Finance including both theoretical and empirical studies. Section 2 reflects a fast growing interest in seeking to model economic processes in novel ways drawing on the emerging literature in artificial intelligence and genetic adaptation. Section 3 demonstrates the growing use of computational languages as a tool for the analysis and modelling of economic systems. Subsequent sections range across many areas involving game theory, policy co-ordination, agent based models, time series and econometrics, neural networks, nonlinearities and simulation methods.

The preparation and selection of this volume owes much to the assistance and advice of both Berç Rustem and David Kendrick and the steering committee of the Society for Computational Economics.

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