• Sign In / Register
  • Help
  • Basket0
Mathematical Theory of Economic Dynamics and Equilibria (Paperback)
  • Mathematical Theory of Economic Dynamics and Equilibria (Paperback)
zoom

Mathematical Theory of Economic Dynamics and Equilibria (Paperback)

(author), (author), (translator)
£76.50
Paperback 254 Pages / Published: 08/11/2011
  • We can order this

Usually despatched within 3 weeks

  • This item has been added to your basket
This book is devoted to the mathematical analysis of models of economic dynamics and equilibria. These models form an important part of mathemati- cal economics. Models of economic dynamics describe the motion of an economy through time. The basic concept in the study of these models is that of a trajectory, i.e., a sequence of elements of the phase space that describe admissible (possible) development of the economy. From all trajectories, we select those that are" desirable," i.e., optimal in terms of a certain criterion. The apparatus of point-set maps is the appropriate tool for the analysis of these models. The topological aspects of these maps (particularly, the Kakutani fixed-point theorem) are used to study equilibrium models as well as n-person games. To study dynamic models we use a special class of maps which, in this book, are called superlinear maps. The theory of superlinear point-set maps is, obviously, of interest in its own right. This theory is described in the first chapter. Chapters 2-4 are devoted to models of economic dynamics and present a detailed study of the properties of optimal trajectories. These properties are described in terms of theorems on characteristics (on the existence of dual prices) and turnpike theorems (theorems on asymptotic trajectories). In Chapter 5, we state and study a model of economic equilibrium. The basic idea is to establish a theorem about the existence of an equilibrium state for the Arrow-Debreu model and a certain generalization of it.

Publisher: Springer-Verlag New York Inc.
ISBN: 9781461298885
Number of pages: 254
Weight: 421 g
Dimensions: 235 x 155 x 14 mm
Edition: Softcover reprint of the original 1st ed. 197

You may also be interested in...

The Great Degeneration
Added to basket
The Road to Serfdom
Added to basket
£15.99
Paperback
Debt
Added to basket
£17.99
Paperback
The Shock Doctrine
Added to basket
£12.99
Paperback
Capital
Added to basket
£8.99
Paperback
The Honourable Company
Added to basket
This Changes Everything
Added to basket
How Much is Enough?
Added to basket
Antifragile
Added to basket
The Economics Book
Added to basket
DK
£17.99
Hardback
Treasure Islands
Added to basket
The Wealth of Nations
Added to basket
The Money Machine
Added to basket
£10.99
Paperback
Superfreakonomics
Added to basket
Guns, Germs And Steel
Added to basket
£10.99   £8.99
Paperback

Reviews

Please sign in to write a review

Your review has been submitted successfully.