Duality And Modern Economics
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Author | : Richard Cornes |
Publisher | : CUP Archive |
Total Pages | : 308 |
Release | : 1992-02-28 |
Genre | : Business & Economics |
ISBN | : 9780521336017 |
Provides a simple introductory exposition to the basic structure of dual technique analysis - consumer behaviour and producer behaviour - which has been used by many economists since the 1970s. Includes diagrams and an index.
Author | : Nuno Gil |
Publisher | : Cambridge University Press |
Total Pages | : 443 |
Release | : 2019-11-28 |
Genre | : Business & Economics |
ISBN | : 1108473164 |
Using Africa as a context for research, new conceptual framing is proposed to make sense of the challenges of designing effective organizations to pursue socio-economic development.
Author | : Richard Cornes |
Publisher | : Cambridge University Press |
Total Pages | : 304 |
Release | : 1992-02-28 |
Genre | : Business & Economics |
ISBN | : 9780521332910 |
Dual arguments have become a standard tool for analysis of problems involving optimization by consumers and producers. The principal aim of this book is to provide a fairly systematic yet simple exposition of the basic structure of such arguments. The emphasis is not on providing mathematically general proofs; instead, a geometric approach is used to provide, in an informal way, an intuitive understanding of duality theory. This book introduces the most common alternative ways of representing preferences and technologies, such as indirect utility and distance functions, expenditure and cost functions, and profit and revenue functions. and it discusses the assumptions under which alternative formulations contain precisely the same information. Results such as Roy's identity. the Hotelling-Wold identity, and Shephard's lemma are fully explained. as are their roles in facilitating analysis of behaviour.
Author | : Charalambos D. Aliprantis |
Publisher | : American Mathematical Soc. |
Total Pages | : 298 |
Release | : 2007-06-12 |
Genre | : Mathematics |
ISBN | : 0821841467 |
Ordered vector spaces and cones made their debut in mathematics at the beginning of the twentieth century. They were developed in parallel (but from a different perspective) with functional analysis and operator theory. Before the 1950s, ordered vector spaces appeared in the literature in a fragmented way. Their systematic study began around the world after 1950 mainly through the efforts of the Russian, Japanese, German, and Dutch schools. Since cones are being employed to solve optimization problems, the theory of ordered vector spaces is an indispensable tool for solving a variety of applied problems appearing in several diverse areas, such as engineering, econometrics, and the social sciences. For this reason this theory plays a prominent role not only in functional analysis but also in a wide range of applications. This is a book about a modern perspective on cones and ordered vector spaces. It includes material that has not been presented earlier in a monograph or a textbook. With many exercises of varying degrees of difficulty, the book is suitable for graduate courses. Most of the new topics currently discussed in the book have their origins in problems from economics and finance. Therefore, the book will be valuable to any researcher and graduate student who works in mathematics, engineering, economics, finance, and any other field that uses optimization techniques.
Author | : Gilles Saint-Paul |
Publisher | : MIT Press |
Total Pages | : 248 |
Release | : 1996 |
Genre | : Business & Economics |
ISBN | : 9780262193764 |
Uses theoretical models to analyse the macroeconomic implications of the dual labour market. Includes an introduction to the techniques of dynamic programming and the matching function.
Author | : Subhash C. Ray |
Publisher | : Springer Nature |
Total Pages | : 1797 |
Release | : 2022-06-02 |
Genre | : Business & Economics |
ISBN | : 9811034559 |
This three-volume handbook includes state-of-the-art surveys in different areas of neoclassical production economics. Volumes 1 and 2 cover theoretical and methodological issues only. Volume 3 includes surveys of empirical applications in different areas like manufacturing, agriculture, banking, energy and environment, and so forth.
Author | : Michael R. Caputo |
Publisher | : Cambridge University Press |
Total Pages | : 632 |
Release | : 2005-01-10 |
Genre | : Business & Economics |
ISBN | : 1107717639 |
Foundations of Dynamic Economic Analysis presents a modern and thorough exposition of the fundamental mathematical formalism used to study optimal control theory, i.e., continuous time dynamic economic processes, and to interpret dynamic economic behavior. The style of presentation, with its continual emphasis on the economic interpretation of mathematics and models, distinguishes it from several other excellent texts on the subject. This approach is aided dramatically by introducing the dynamic envelope theorem and the method of comparative dynamics early in the exposition. Accordingly, motivated and economically revealing proofs of the transversality conditions come about by use of the dynamic envelope theorem. Furthermore, such sequencing of the material naturally leads to the development of the primal-dual method of comparative dynamics and dynamic duality theory, two modern approaches used to tease out the empirical content of optimal control models. The stylistic approach ultimately draws attention to the empirical richness of optimal control theory, a feature missing in virtually all other textbooks of this type.
Author | : Avinash K. Dixit |
Publisher | : Cambridge University Press |
Total Pages | : 352 |
Release | : 1980-09-30 |
Genre | : Business & Economics |
ISBN | : 9780521299695 |
This book emphasizes that a trading equilibrium is general rather than partial, and is often best modeled using dual or envelope functions.
Author | : Arie Arnon |
Publisher | : Cambridge University Press |
Total Pages | : 449 |
Release | : 2010-11-22 |
Genre | : Business & Economics |
ISBN | : 113949208X |
This book provides a comprehensive survey of the major developments in monetary theory and policy from David Hume and Adam Smith to Walter Bagehot and Knut Wicksell. In particular, it seeks to explain why it took so long for a theory of central banking to penetrate mainstream thought. The book investigates how major monetary theorists understood the roles of the invisible and visible hands in money, credit and banking; what they thought about rules and discretion and the role played by commodity-money in their conceptualizations; whether or not they distinguished between the two different roles carried out via the financial system - making payments efficiently within the exchange process and facilitating intermediation in the capital market; how they perceived the influence of the monetary system on macroeconomic aggregates such as the price level, output and accumulation of wealth; and finally, what they thought about monetary policy.
Author | : E. F. Schumacher |
Publisher | : |
Total Pages | : 255 |
Release | : 1974 |
Genre | : |
ISBN | : |