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This collection of essays brings together some articles on dynamic optimization models that exhibit chaotic behavior. Chapters 3, 4, 5, 6, 7, and 9 appeared in a Symposium on Chaotic Dynamical Systems in Economic Theory (Volume 4, Number 5, 1994). Also, Chapters 10,11, and 12 appeared in the Journal of Economic The ory. We would like to thank the authors, and Academic Press for permission to reprint. We are grateful to Professor C.D. Aliprantis for suggesting the idea of a book structured around the Economic Theory Symposium, and without the support and patience of Dr. Mueller this project could not have been completed. We would like to thank Ms. Amy Gowan who cheerfully per formed the arduous task of typing the manuscript. Thanks are also due to Xiao Qing Yu, Tridip Ray and Malabika Majumdar for their help at various stages in the preparation of the manuscript. For a course on dynamic optimization addressed to students with a good background in economic theory and real analysis, one can assign Chapter 2 as a partial introduction to the basic tech niques. Chapters 3 and 4 can be assigned to provide examples of simple optmization models generating complicated behavior.
The problem of efficient or optimal allocation of resources is a fundamental concern of economic analysis. This book provides surveys of significant results of the theory of optimal growth, as well as the techniques of dynamic optimization theory on which they are based. Armed with the results and methods of this theory, a researcher will be in an advantageous position to apply these versatile methods of analysis to new issues in the area of dynamic economics.
A selection of papers by a pioneer in neoclassical economics that traces the development of his thought in three crucial areas.
Memoir of an Artist is a compelling account of an unpredictable life that stretches through India, Nigeria, and Paris. As a student, he was a witness to the student revolt in Paris in 1968; in the seventies, he was in Nigeria observing the post-Biafra scenario as a teacher in the university. As a product of institutional education that shaped and groomed the new artists, he realizes the impact of Eurocentric dialogue on Indian art so imposing that it makes Indian art in perpetual transit. Again, in the process of creating dialogue within Kolkata life, author discovers contemporary art indeed has no social connectivity; thus, the educated progressive is unable to dialogue with the progressing art. Indian modernism has become a manufactured brand within art commerce, aligned to global marketing. Meanwhile, life has many spectrums, and the author has observed the modernistic agenda exists in contemporary art, as in many activities of Indian life, but each is like an island without connectivity.
There are many mathematics textbooks on real analysis, but they focus on topics not readily helpful for studying economic theory or they are inaccessible to most graduate students of economics. Real Analysis with Economic Applications aims to fill this gap by providing an ideal textbook and reference on real analysis tailored specifically to the concerns of such students. The emphasis throughout is on topics directly relevant to economic theory. In addition to addressing the usual topics of real analysis, this book discusses the elements of order theory, convex analysis, optimization, correspondences, linear and nonlinear functional analysis, fixed-point theory, dynamic programming, and calc...
An analysis of criminal behavior from the perspectives of rational choice theory leading to suggestions for a criminal policy. Previous edition sold 900 copies world wide since its release in June 2001.
This book brings together cutting edge contributions in the fields of international economics, micro theory, welfare economics and econometrics, with contributions from Donald R. Davis, Avinash K. Dixit, Tadashi Inoue, Ronald W. Jones, Dale W. Jorgenson, K. Rao Kadiyala, Murray C. Kemp, Kenneth M. Kletzer, Anne O. Krueger, Mukul Majumdar, Daniel McFadden, Lionel McKenzie, James R. Melvin, James C. Moore, Takashi Negishi, Yoshihiko Otani, Raymond Riezman, Paul A. Samuelson, Joaquim Silvestre and Marie Thursby.
This volume brings together 18 articles published during the last 20 years, devoted to understanding the concept of sustainable development. The volume analyzes sustainability from three different perspectives and addresses sustainable development from prescriptive, descriptive and operational points of view. Each part begins with an article which functions as a survey. An up- to-date introduction serves to tie the three parts of the volume together.
Forest resources are an ideal starting point for economic analysis of sustainability. In this book, leading economists discuss key aspects of sustainability and sustainable forest management including complexity, ethical issues, consumer choice theory, intergenerational equity, non-convexities, and multiple equilibria. This systematic critique of neoclassical economic approaches is followed by a companion work, Institutions, Sustainability, and Natural Resources: Institutions for Sustainable Forest Management, Volume 2 in the series.
This book has been written for the students of M.B.A., M.Com., and other Diploma Courses in Management. It would also be useful to the practitioners in the field of Human Resource Management. The book covers the whole syllabus of HRM prescribed by the UGC Course Development Committee on Management. The book makes a presumptions attempt to knead all aspects of HRM logically dividing them into seven sections to enable the readers comprehend the key and vital issues of HRM in a dynamic environment.