Economic Theory and Computational Economics (ETACE)
Prof. Dr. Herbert Dawid
Welcome at ETACE - Chair for Economic Theory and Computational Economics
Postal Address:
Universität Bielefeld
Fakultät für Wirtschaftswissenschaften
Universitätsstr. 25
D-33615 Bielefeld
Contact:
Tel.: +49 521 106-6931
E-mail: etace(et)uni-bielefeld.de
Latest News
Plenary Talk
02.09.2024
Herbert Dawid will give a keynote talk on "The Effect of Algorithmic Decision Making in Markets" on September 2, 2024 at the HEDGE (Health, Environment, Development and Growth Economics: New Perspective and Challenges) conference in Pisa.
Paper published in Management Science
02.09.2024
Huberts, N., Wen, X., Dawid, H., Huisman K. and P.M. Kort (2024), 'Double Marginalization Because of External Financing: Capacity Investment Under Uncertainty, published online in Management Science.
Plenary Talk
17.06.2024
On June 20, 2024 Herbert Dawid will give a plenary talk at the 30th International Conference on Computing in Economics and Finance on "The Effect of Algorithmic Decision Making in Markets".
Abstract: The minimax theorem for zero-sum games is easily proved from the strong duality theorem of linear programming. For the converse direction, the standard proof by Dantzig is known to be incomplete. We explain and combine classical theorems about solving linear equations with nonnegative variables to give a correct alternative proof more directly than Adler. We also extend Dantzig’s game so that any max-min strategy gives either an optimal LP solution or shows that none exists.