Economic Evaluation of Soviet Socialism examines the economic achievements of Soviet socialism from a variety of perspectives. The Soviet Unions failure to eliminate inflation and its implications for the economy are considered in comparison to a capitalist developed or industrializing economy. The effects of inflation on welfare and efficiency are also discussed. This book is comprised of eight chapters and opens by sketching the distinguishing characteristics of Soviet socialism as well as six major sources of interest in the evaluation of Soviet socialism. The next section deals with three kinds of issues relating to Soviet socialist performance: organizational-structural aspects, economic growth, and efficiency. Questions such as whether the Soviet economy may have been able to obviate the traditional undesirable consequences of inflation are addressed. The growth of the economy and of important macroeconomic aggregates, such as national income, industrial production, and consumption, is also analyzed. The remaining chapters focus on economic efficiency in agriculture and industry in relation to the Soviet price mechanism. This monograph will be of interest to economists, social scientists, policymakers, and government officials.
Seminar paper from the year 2016 in the subject Economics - Other, grade: 2,00, University of Applied Sciences Vorarlberg, language: English, abstract: This paper compares and contrasts communist party and economic planning in a socialist system with the prices and the market in a capitalist economy. It discusses the successes, failures, effectiveness and flaws of each system in terms of economic and social aspects. Is shock therapy the right approach for a stable long term transition?
Essay from the year 2014 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, University of St Andrews (School of Management), language: English, abstract: ETFs, short for Exchange Traded Funds are traded on the stock market funds. ETFs have no maturity limit and can therefore be permanently traded like shares at the current market price. When buying a fund unit, the investor becomes a shareholder of the components contained in the Funds. The index can be of a country, an industry, or even a global index. Therefore the investor participates identically in rising and falling markets according to the development of the ETF underlying index. Unlike actively managed funds Exchange Traded Funds are mainly passively managed. An underlying index should be reproduced as exactly as possible. ETFs combine the advantages of three asset classes: equities, certificates and funds. Like shares, ETFs can also be traded at the current market value at any time. This Report compares and contrasts the two Exchange traded funds iShares MSCI Taiwan ETF and First Trust Taiwan AlphaDEX. It will discuss a number of key figures and will stress the strengths and weaknesses of each fund. The following key figures for the two funds are based on self--made calculation using Excel and data form Datastream. If any figures are used, which have another source, it will be clearly cited. The time period for all key figures is two years, expect for the Pricing efficiency, which has been calculated for one year. All estimated returns are log returns due to the reason they have the property that they can be interpreted as continuously compounded returns and are addable.
Essay from the year 2013 in the subject Politics - International Politics - General and Theories, grade: 1,3 (German Grading System), University of Washington, language: English, abstract: After scandals like Enron in the past years, companies have been pressured to establish Corporate Governance systems to control their management. The design of these systems is often determined on a national level, but varies substantially from country to country. This paper deals with the different systems of Corporate Governance in the United States and Germany and establishes a comparison. The focus is put on how the German system is different from that of the US. At the end, recent developments in the Corporate Governance landscape are discussed. To begin with, it is important to understand what Corporate Governance means. It is defined as The system of rules, practices and processes by which a company is directed and controlled. These rules, practices and processes are supposed to achieve values like integrity, transparency and fairness. Thereby, Corporate Governance can support a corporation to fulfill its goals and objectives in a manner that adds to the value of the company and is also beneficial for all stakeholders in the long term. Furthermore, it strengthens a companys reputation and has shown to increase share prices by establishing trust. Potential investors, who might not be familiar with a corporations processes and controlling practices in detail, can rely on statutory monitoring systems.
Lukas Heim evaluates the performance of a price-level targeting rule compared to that of a standard inflation targeting rule. The comparison is based on a medium-scale Dsge model which has been estimated based on state-of-the-art Bayesian methods. The mod
Excerpt from The American Elevator and Grain Trade, Vol. 15: A Monthly Journal Devoted to the Elevator and Grain Interests; February 15, 1897 Miller´s and elevators owners who have had the opportunity for comparison need no assurances on our part, but anyone contemplating the purchase of one or more machines Should Write for description and prices and he will find them right. Respectfully. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
As meat is one of the most important items of American diet, its price is a matter of moment to every housewife. Comparisons between the cost of live animals and the price per pound of meat sometimes lead to the conclusion that the existing margin is too wide and that possibly the profits of the middleman are too large. After fair analysis, the housewife realizes that a live animal is not all meat and, furthermore, that the meat carcass is not all steaks and rib roasts. A comparison, therefore, between the live cost of meat animals per pound and the cost per pound of a tenderloin is misleading, if it results in any conclusions relative to margins. Then we must reckon with the wide difference in grades of meat. We cannot correctly estimate the cost of a steak cut from a prime beef by that of a steak from a grass-fed cow. There are several grades of meat, depending upon the nature and feeding, each wholesome and nutritious, but some demanding more special cooking than others. About fifty-five per cent of a steer is meat; the remainder includes the hide and various other by-products, which, except the hide, are not worth in their primary state anywhere near as much per pound as they cost alive. The fifty-five per cent of the animal which is meat must, therefore, carry the greater portion of the original cost. That is why a steer carcass might be sold by the packer for twenty cents a pound and still fail to pay a profit, even though the live animal cost the packer only twelve cents a pound. The casual observer, noting a difference of eight cents a pound between the live animal and the carcass, might say a sixty-six per cent increase in price is unduly large; but a little deeper study develops that the return from the carcass in this instance would fail to equal the amount paid for the live steer. When a retailer buys a carcass, he purchases neck meat as well as loins; chucks as well as rounds.
Presents new models, methods, and techniques and considers important real-world applications in political science, sociology, economics, marketing, and finance Emphasizing interdisciplinary coverage, Bayesian Inference in the Social Sciences builds upon the recent growth in Bayesian methodology and examines an array of topics in model formulation, estimation, and applications. The book presents recent and trending developments in a diverse, yet closely integrated, set of research topics within the social sciences and facilitates the transmission of new ideas and methodology across disciplines while maintaining manageability, coherence, and a clear focus. Bayesian Inference in the Social Sciences features innovative methodology and novel applications in addition to new theoretical developments and modeling approaches, including the formulation and analysis of models with partial observability, sample selection, and incomplete data. Additional areas of inquiry include a Bayesian derivation of empirical likelihood and method of moment estimators, and the analysis of treatment effect models with endogeneity. The book emphasizes practical implementation, reviews and extends estimation algorithms, and examines innovative applications in a multitude of fields. Time series techniques and algorithms are discussed for stochastic volatility, dynamic factor, and time-varying parameter models. Additional features include: Real-world applications and case studies that highlight asset pricing under fat-tailed distributions, price indifference modeling and market segmentation, analysis of dynamic networks, ethnic minorities and civil war, school choice effects, and business cycles and macroeconomic performance State-of-the-art computational tools and Markov chain Monte Carlo algorithms with related materials available via the book’s supplemental website Interdisciplinary coverage from well-known international scholars and practitioners Bayesian Inference in the Social Sciences is an ideal reference for researchers in economics, political science, sociology, and business as well as an excellent resource for academic, government, and regulation agencies. The book is also useful for graduate-level courses in applied econometrics, statistics, mathematical modeling and simulation, numerical methods, computational analysis, and the social sciences. Ivan Jeliazkov, PhD, is Associate Professor of Economics and Statistics at the University of California, Irvine. Dr. Jeliazkov’s research interests include Bayesian econometrics and discrete data analysis, model comparison, and simulation-based inference. In addition to developing new methods and estimation techniques, his work features applications in a variety of disciplines, including micro- and macroeconomics, marketing, political science, transportation, and environmental engineering. Xin-She Yang, PhD, is Reader in Modeling and Optimization at Middlesex University, United Kingdom, as well as Adjunct Professor at Reykjavik University, Iceland. He is the author of Mathematical Modeling with Multidisciplinary Applications and Engineering Optimization: An Introduction with Metaheuristic Applications , both of which are published by Wiley.
With the increasing world-energy demand there is a growing necessity for clean and renewable energy. The sun being one of the most abundant potential sources accounts for less than 1% of the global energy supply. T he market for solar cells is one of the most strongly increasing markets, even though the prize of conventional solar cells is still quite high. New emerging technologies, such as organic and hybrid solar cells have the potential to decrease the price of solar energy drastically. This book offers an introduction to these new types of solar cells and discusses fabrication, different architectures and their device physics on the bases of the authors teaching course on a master degree level. A comparison with conventional solar cells will be given and the specialties of organic solar cells emphasized. Lukas Schmidt-Mende and Jonas Weickert , University of Konstanz, Konstanz, Germany.
On the Comparison of Price and Quantity Competition:What Type of Competition is most preferred? Jill Thinnes
Econometric Modeling of Exchange Rate Determinants:A Comparison of Market Classifications Using the Sticky-Price Monetary Theory Richard Floyd Works
Industrial Piping and Equipment Estimation Manual delivers an invaluable resource for day-to-day operations. Packed full of worksheets covering combined and simple cycle power plants, refineries, compressor stations, ethanol, hydrogen and biomass plants, this reference helps the construction engineer and estimator learn how to create bids where scope and quantity differences can be identified and project impacts estimated. Beginning with an introduction devoted to labor, productivity measurement, estimating methods, and factors affecting construction labor productivity and impacts of overtime, the author then explores equipment through hands-on estimation tables, including sample estimates and statistical applications. The book rounds out with a glossary, abbreviations list, formulas, and metric/standard conversions, and is an ideal reference for estimators, engineers and managers with the level of detail and equipment breakdown necessary for todays industrial operations. Includes day-to-day worksheets to help users estimate equipment and piping for any plant or refinery project Presents the comparison method to estimate similarities and differences between proposed and previously installed equipment Helps users understand and produce more accurate direct costs with sample estimates Kenneth Storm is currently an Independent Consultant and Chief Estimator for ARB, Inc., preparing construction estimates on a variety of projects such as power plants, oil refineries, petroleum industry tank farms, and pipeline compressors ranging in price from $500,000 to over $250 million in scope. Accumulating over 35 years of experience, he worked as a major project engineer and piping engineer for a variety of projects through CBI Services, Tosco, Exxon, and Union Oil Refinery. Kenneth graduated with a degree in Mechanical Engineering and Mathematics from the University of San Francisco, a BSc in Mathematics and Statistics from California State University, a degree from the Graduate School of Statistics from Oregon State University, and a degree from the Joint Graduate Center at Washington State University and Oregon State. He is licensed and certified as a California General Engineering Contractor, a Certified Welding Inspector, and a member of the American Mathematical Association.