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Economic Foundations of Symmetric Programming
  • Language: en
  • Pages: 569

Economic Foundations of Symmetric Programming

The search for symmetry is part of the fundamental scientific paradigm in mathematics and physics. Can this be valid also for economics? This book represents an attempt to explore this possibility. The behavior of price-taking producers, monopolists, monopsonists, sectoral market equilibria, behavior under risk and uncertainty, and two-person zero- and non-zero-sum games are analyzed and discussed under the unifying structure called the linear complementarity problem. Furthermore, the equilibrium problem allows for the relaxation of often-stated but unnecessary assumptions. This unifying approach offers the advantage of a better understanding of the structure of economic models. It also introduces the simplest and most elegant algorithm for solving a wide class of problems.

Foreign Agricultural Economic Report
  • Language: en
  • Pages: 400

Foreign Agricultural Economic Report

  • Type: Book
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  • Published: 1978
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  • Publisher: Unknown

None

An Economic Interpretation of Linear Programming
  • Language: en
  • Pages: 468

An Economic Interpretation of Linear Programming

  • Type: Book
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  • Published: 2016-04-29
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  • Publisher: Springer

This text covers the basic theory and computation for mathematical modeling in linear programming. It provides a strong background on how to set up mathematical proofs and high-level computation methods, and includes substantial background material and direction. Paris presents an intuitive and novel discussion of what it means to solve a system of equations that is a crucial stepping stone for solving any linear program. The discussion of the simplex method for solving linear programs gives an economic interpretation to every step of the simplex algorithm. The text combines in a unique and novel way the microeconomics of production with the structure of linear programming to give students and scholars of economics a clear notion of what it means, formulating a model of economic equilibrium and the computation of opportunity cost in the presence of many outputs and inputs.

Journal of Agricultural Economics Research
  • Language: en
  • Pages: 114

Journal of Agricultural Economics Research

  • Type: Book
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  • Published: 1992
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  • Publisher: Unknown

None

Agricultural Economics Research
  • Language: en
  • Pages: 44

Agricultural Economics Research

  • Type: Book
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  • Published: 1978
  • -
  • Publisher: Unknown

None

Foundations of Dynamic Economic Analysis
  • Language: en
  • Pages: 632

Foundations of Dynamic Economic Analysis

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.

Miscellaneous Publication
  • Language: en
  • Pages: 88

Miscellaneous Publication

  • Type: Book
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  • Published: 1971
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  • Publisher: Unknown

None

Dynamic Efficiency and Productivity Measurement
  • Language: en
  • Pages: 249

Dynamic Efficiency and Productivity Measurement

"The book takes on a systematic treatment of dynamic decision making and performance measurement. The analytical foundations of the dynamic production technology are introduced and developed in detail for several primal representations of the technology with an emphasis on dynamic directional distance functions. Dynamic cost minimization and dynamic profit maximization are developed for primal and dual representations of the dynamic technology. A dynamic production environment can be characterized as one where current production decisions impact future production possibilities. Consequently, the dynamic perspective of production relationships necessarily involves the close interplay between ...

The Journal of Agricultural Economics Research
  • Language: en
  • Pages: 528

The Journal of Agricultural Economics Research

  • Type: Book
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  • Published: 1987
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  • Publisher: Unknown

None

Bayesian Economics Through Numerical Methods
  • Language: en
  • Pages: 115

Bayesian Economics Through Numerical Methods

Providing researchers in economics, finance, and statistics with an up-to-date introduction to applying Bayesian techniques to empirical studies, this book covers the full range of the new numerical techniques which have been developed over the last thirty years. Notably, these are: Monte Carlo sampling, antithetic replication, importance sampling, and Gibbs sampling. The author covers both advances in theory and modern approaches to numerical and applied problems, and includes applications drawn from a variety of different fields within economics, while also providing a quick overview of the underlying statistical ideas of Bayesian thought. The result is a book which presents a roadmap of applied economic questions that can now be addressed empirically with Bayesian methods. Consequently, many researchers will find this a readily readable survey of this growing topic.