Duality and Modern Economics
| Author | : | |
| Rating | : | 4.81 (550 Votes) |
| Asin | : | 0521336015 |
| Format Type | : | paperback |
| Number of Pages | : | 308 Pages |
| Publish Date | : | 2017-08-25 |
| Language | : | English |
DESCRIPTION:
John Hempton said Fantastic, but deceptively simple. If your maths is not astounding but only adequate and you want to get on top of this topic then this is the book. It is analytically solid but deceptively simple in its presentation.Your micro will be MUCH better for having read it.. D. Squires said Terrific Book. This book is an outstanding presentation of some very sophisticated concepts in consumer and producer economics along with welfare and environmental economics. The book was ahead of its time in its concepts and is loaded with insights. There are better books from which to learn the basic, to be frank, but this book is wonderful at providing insights and twists that the orthodox books do not, and cannot. Definetley worth having a copy.. In depth demo in duality theory openâÂÂsesame Our micro professor use this book as major consumer theory reference in class. It shows in deep but clearly and intuitively. I like it very much.
The principal aim of this book is to provide a fairly systematic yet simple exposition of the basic structure of such arguments. From the Back Cover Dual arguments have, in recent years, become standard tools for analysis of problems involving optimization by consumers and producers.
as are their roles in facilitating analysis of behaviour.. 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. Results such as Roy's identity. The principal aim of this book is to provide a fairly systematic yet simple exposition of the basic structure of such arguments. 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. Dual arguments have become a standard tool for analysis of problems involving optimization by consumers and producers. the Hotelling-Wold identity, and Shephard's lemma are fully explained. and it discusses the assumptions under which alternative formulations contain precisely the same information