Duality and Modern Economics

Duality and Modern Economics

Author: Richard Cornes

Publisher: CUP Archive

Published: 1992-02-28

Total Pages: 308

ISBN-13: 9780521336017

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Provides a simple introductory exposition to the basic structure of dual technique analysis - consumer behaviour and producer behaviour - which has been used by many economists since the 1970s. Includes diagrams and an index.


Duality by Design

Duality by Design

Author: Nuno Gil

Publisher: Cambridge University Press

Published: 2019-11-28

Total Pages: 443

ISBN-13: 1108473164

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Using Africa as a context for research, new conceptual framing is proposed to make sense of the challenges of designing effective organizations to pursue socio-economic development.


Cones and Duality

Cones and Duality

Author: Charalambos D. Aliprantis

Publisher: American Mathematical Soc.

Published: 2007-06-12

Total Pages: 298

ISBN-13: 0821841467

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Ordered vector spaces and cones made their debut in mathematics at the beginning of the twentieth century. They were developed in parallel (but from a different perspective) with functional analysis and operator theory. Before the 1950s, ordered vector spaces appeared in the literature in a fragmented way. Their systematic study began around the world after 1950 mainly through the efforts of the Russian, Japanese, German, and Dutch schools. Since cones are being employed to solve optimization problems, the theory of ordered vector spaces is an indispensable tool for solving a variety of applied problems appearing in several diverse areas, such as engineering, econometrics, and the social sciences. For this reason this theory plays a prominent role not only in functional analysis but also in a wide range of applications. This is a book about a modern perspective on cones and ordered vector spaces. It includes material that has not been presented earlier in a monograph or a textbook. With many exercises of varying degrees of difficulty, the book is suitable for graduate courses. Most of the new topics currently discussed in the book have their origins in problems from economics and finance. Therefore, the book will be valuable to any researcher and graduate student who works in mathematics, engineering, economics, finance, and any other field that uses optimization techniques.


Duality and Modern Economics

Duality and Modern Economics

Author: Richard Cornes

Publisher: Cambridge University Press

Published: 1992-02-28

Total Pages: 304

ISBN-13: 9780521332910

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Dual arguments have become a standard tool for analysis of problems involving optimization by consumers and producers. The principal aim of this book is to provide a fairly systematic yet simple exposition of the basic structure of such arguments. 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. 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. and it discusses the assumptions under which alternative formulations contain precisely the same information. Results such as Roy's identity. the Hotelling-Wold identity, and Shephard's lemma are fully explained. as are their roles in facilitating analysis of behaviour.


Dual Labor Markets

Dual Labor Markets

Author: Gilles Saint-Paul

Publisher: MIT Press

Published: 1996

Total Pages: 248

ISBN-13: 9780262193764

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Uses theoretical models to analyse the macroeconomic implications of the dual labour market. Includes an introduction to the techniques of dynamic programming and the matching function.


The Elgar Companion to Post Keynesian Economics

The Elgar Companion to Post Keynesian Economics

Author: J. E. King

Publisher: Edward Elgar Publishing

Published: 2012-01-01

Total Pages: 641

ISBN-13: 1781002436

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The Elgar Companion to Post Keynesian Economics is a comprehensive guide to economic analyses in the tradition of Keynes and the so-called Cambridge (UK) school of economics. The coverage of themes and different theoretical orientations within Post Keynesianism is remarkable and the quality of the various entries is impressive. John Kings invisible hand is responsible for a minimum of overlaps and an optimum in quality and comprehensibility. This book has already proved to be of interest to a wide range of economists and can be expected to continue to do so for a long time to come. Heinz D. Kurz, University of Graz, Austria This thoroughly revised and updated second edition provides a comprehensive guide to Post Keynesian methodology, theory and policy prescriptions. The Companion reflects the challenges posed by the global financial crisis that began in 2008 and by the consolidation of the New Neoclassical Synthesis in macroeconomic theory. There are 41 entirely new entries, marking the emergence of a new generation of Post Keynesian scholars. The central issues that were dealt with in the first edition remain at the core of the book, but much more attention is paid in this second edition to financial markets, to Post Keynesian economics outside its traditional Anglo-American heartland and to gender issues and environmental policy. Including major theoretical, methodological and policy issues in Post Keynesian economics, this enriching Companion will strongly appeal to postgraduate and advanced undergraduate students in economics as well as related social science disciplines including international political economy, international relations, politics, public policy and sociology.


Handbook of Production Economics

Handbook of Production Economics

Author: Subhash C. Ray

Publisher: Springer Nature

Published: 2022-06-02

Total Pages: 1797

ISBN-13: 9811034559

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This three-volume handbook includes state-of-the-art surveys in different areas of neoclassical production economics. Volumes 1 and 2 cover theoretical and methodological issues only. Volume 3 includes surveys of empirical applications in different areas like manufacturing, agriculture, banking, energy and environment, and so forth.


Foundations of Dynamic Economic Analysis

Foundations of Dynamic Economic Analysis

Author: Michael R. Caputo

Publisher: Cambridge University Press

Published: 2005-01-10

Total Pages: 632

ISBN-13: 1107717639

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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.


Theory of International Trade

Theory of International Trade

Author: Avinash K. Dixit

Publisher: Cambridge University Press

Published: 1980-09-30

Total Pages: 352

ISBN-13: 9780521299695

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This book emphasizes that a trading equilibrium is general rather than partial, and is often best modeled using dual or envelope functions.


Economic Growth and Development

Economic Growth and Development

Author: Sibabrata Das

Publisher: Springer

Published: 2018-08-16

Total Pages: 360

ISBN-13: 3319897551

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This text is an introduction to the newer features of growth theory that are particularly useful in examining the issues of economic development. Growth theory provides a rich and versatile analytical framework through which fundamental questions about economic development can be examined. Structural transformation, in which developing countries transition from traditional production in largely rural areas to modern production in largely urban areas, is an important causal force in creating early economic growth, and as such, is made central in this approach. Towards this end, the authors augment the Solow model to include endogenous theories of saving, fertility, human capital, institutional arrangements, and policy formation, creating a single two-sector model of structural transformation. Based on applied research and practical experiences in macroeconomic development, the model in this book presents a more rigorous, quantifiable, and explicitly dynamic dual economy approach to development. Common microeconomic foundations and notation are used throughout, with each chapter building on the previous material in a continuous flow. Revised and updated to include more exercises for guided self study, as well as a technical appendix covering required mathematical topics beyond calculus, the second edition is appropriate for both upper undergraduate and graduate students studying development economics and macroeconomics.