Hysteresis losses in the Preisach framework
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DOI: 10.1007/s00181-018-1547-z
Abstract: Hysteresis is a nonlinear and path-dependent phenomenon which is used to model the “wait-and-see” behaviour of firms in times of uncertainty. Important applications are found on the labour market and foreign trade. Reasons for hysteresis… read more here.
Keywords: foreign trade; hysteresis; loss indicator; hysteresis losses ... See more keywords