Convex Structures and Economic Theory
- 1st Edition - February 17, 2016
- Author: Hukukane Nikaido
- Editor: Richard Bellman
- Language: English
- Paperback ISBN:9 7 8 - 1 - 4 8 3 2 - 5 3 2 8 - 2
- eBook ISBN:9 7 8 - 1 - 4 8 3 2 - 6 6 6 8 - 8
Mathematics in Science and Engineering, Volume 51: Convex Structures and Economic Theory consists of an account of the theory of convex sets and its application to several basic… Read more
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Request a sales quoteMathematics in Science and Engineering, Volume 51: Convex Structures and Economic Theory consists of an account of the theory of convex sets and its application to several basic problems that originate in economic theory and adjacent subject matter. This volume includes examples of problems pertaining to interesting static and dynamic phenomena in linear and nonlinear economic systems, as well as models initiated by Leontief, von Neumann, and Walras. The topics covered are the mathematical theorems on convexity, simple multisector linear systems, balanced growth in nonlinear systems, and efficient allocation and growth. The working of Walrasian competitive economies, special features of competitive economies, and Jacobian matrix and global univalence are also covered. This publication is suitable for advanced students of mathematical economics and related fields, but is also beneficial for anyone who wishes to become familiar with the basic ideas, methods, and results in the mathematical treatment in economic theory through a detailed exposition of a number of typical representative problems.
PrefaceList of Basic SymbolsIntroduction 1. Mathematical Analysis in Economic Theory 2. Scope of Mathematical Economic Theory 3. Appeal to Convexity 4. Orientation for ChaptersChapter I. Mathematical Theorems on Convexity 1. Euclidean Spaces 2. Convex Sets in Rn 3. Separation Theorems for Convex Sets 4. Fixed-Point Theorems 5. Homotopy and Extension TheoremsChapter II. Simple Multisector Linear Systems 6. Leontief's Input-Output Systems, Matrix Multipliers 7. Frobenius-Perron's Theorem 8. Imprimitivity and Oscillatory Behavior 9. Other Linear SystemsChapter III. Balanced Growth in Nonlinear Systems 10. The Solow-Samuelson-Type Relative Stability Theorems 11. Income Propagation Under Autonomous SpendingChapter IV. Efficient Allocation and Growth 12. Production Technology Sets 13. Theorems on Self-Sustained Efficient Growth 14. A Consumption Turnpike TheoremChapter V. The Working of Walrasian Competitive Economies 15. Allocation in Decentralized Systems 16. Existence of a Competitive Equilibrium 17. Normative Implications of CompetitionChapter VI. Special Features of Competitive Economies: Gross Substitutability 18. Gross Substitutability and Extremization 19. Stability in Gross Substitutes SystemsChapter VII. The Jacobian Matrix and Global Univalence 20. Conditions on the Jacobian Matrix for Global Univalence 21. Applications to Special Jacobian MatricesBibliographyAuthor IndexSubject Index
- No. of pages: 422
- Language: English
- Edition: 1
- Published: February 17, 2016
- Imprint: Academic Press
- Paperback ISBN: 9781483253282
- eBook ISBN: 9781483266688
RB
Richard Bellman
Affiliations and expertise
Departments of Mathematics,
Electrical Engineering, and Medicine
University of Southern California
Los Angeles, CaliforniaHN
Hukukane Nikaido
Affiliations and expertise
Hitotsubashi University, Tokyo, Japan