Download or read book Multi Output Production and Duality Theory and Applications written by Rolf Färe and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our original reason for writing this book was the desire to write down in one place a complete summary of the major results in du ality theory pioneered by Ronald W. Shephard in three of his books, Cost and Production Functions (1953), Theory of Cost and Produc tion Functions (1970), and Indirect Production Functions (1974). In this way, newcomers to the field would have easy access to these important ideas. In adg,ition, we report a few new results of our own. In particular, we show the duality relationship between the profit function and the eight equivalent representations of technol ogy that were elucidated by Shephard. However, in planning the book and discussing it with colleagues it became evident that such a book would be more useful if it also provided a number of applications of Shephard's duality theory to economic problems. Thus, we have also attempted to present exam ples of the use of duality theory in areas such as efficiency measure ment, index number theory, shadow pricing, cost-benefit analysis, and econometric estimation. Much of our thinking about duality theory and its uses has been influenced by our present and former collaborators. They include Charles Blackorby, Shawna Grosskopf, Knox Lovell, Robert Russell, and, not surprisingly, Ronald W. Shephard. We have also benefit ted over the years from many discussions with W. Erwin Diewert.
Download or read book Producers Consumers and Partial Equilibrium written by David Mandy and published by Academic Press. This book was released on 2016-11-26 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: Producers, Consumers, and Partial Equilibrium provides a systematic and accessible presentation of the full formal details in the core theories of producer and consumer choice under conditions of price taking; and covers the standard theories of competitive, monopoly, and oligopoly partial equilibrium among these economic actors. The book pulls together foundational content from many classic sources and organizes it in a self-contained format that rigidly adheres to optimization as the central behavioral postulate and analytical tool for economic theory. The book maintains a sharp focus on the properties of outcomes from optimizing behavior in varying environments. These properties are the refutable hypotheses from each optimization behavioral postulate, and they form the core content of this positive economic theory. In so doing, the book presents and documents the underlying formal structure of the theory with a higher degree of integration and completeness than is typical of Ph.D. textbooks in microeconomics. - Includes comprehensive, focused and unified coverage of the mathematics required for the core theories of producer and consumer choice, and partial equilibrium - Presents a generalized envelope theorem as a key source of refutable hypotheses - Delineates the role of active versus inactive constraints in generating refutable hypotheses - Discusses convex functions in economic optimization environments - Presents the full formal details of core producer and consumer and producer theory in a unified and systematic manner - Emphasizes the refutable hypotheses resulting from behavioral postulates and the completeness (duality) of those hypotheses for the postulated behavior within microeconomics - Includes end-of-chapter exercises, full index, and an instructor's solutions manual - Includes a concordance that matches its chapters with those of major textbooks
Download or read book Springer Handbook of Automation written by Shimon Y. Nof and published by Springer Science & Business Media. This book was released on 2009-07-16 with total page 1841 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook incorporates new developments in automation. It also presents a widespread and well-structured conglomeration of new emerging application areas, such as medical systems and health, transportation, security and maintenance, service, construction and retail as well as production or logistics. The handbook is not only an ideal resource for automation experts but also for people new to this expanding field.
Download or read book The Hamiltonian Approach to Dynamic Economics written by David Cass and published by Academic Press. This book was released on 2014-05-10 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Hamiltonian Approach to Dynamic Economics focuses on the application of the Hamiltonian approach to dynamic economics and attempts to provide some unification of the theory of heterogeneous capital. Emphasis is placed on the stability of long-run steady-state equilibrium in models of heterogeneous capital accumulation. Generalizations of the Samuelson-Scheinkman approach are also given. Moreover, conditions are sought on the geometry of the Hamiltonian function (that is, on static technology) that suffice to preserve under (not necessarily small) perturbation the basic properties of the Hamiltonian dynamical system. Comprised of eight essays, this book begins with an introduction to Hamiltonian dynamics in economics, followed by a discussion on optimal steady states of n-sector growth models when utility is discounted. Optimal growth and decentralized or descriptive growth models in both continuous and discrete time are treated as applications of Hamiltonian dynamics. Theproblem of optimal growth with zero discounting is considered, with emphasis on a steepness condition on the Hamiltonian function. The general problem of decentralized growth with instantaneously adjusted expectations about price changes is also analyzed, along with the global asymptotic stability of optimal control systems with applications to the theory of economic growth. This monograph will be of value to mathematicians and economists.
Download or read book Generalized Concavity written by Mordecai Avriel and published by SIAM. This book was released on 2010-11-25 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published: New York: Plenum Press, 1988.
Download or read book Applied Production Analysis written by Robert G. Chambers and published by Cambridge University Press. This book was released on 1988-07-29 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains a modern treatment of production economics from a dual perspective, with special emphasis on recent developments. Results that were scattered throughout professional journals and monographs are now gathered into an integrated approach using a common notation. The book prepares the reader to apply the tools of the dual approach to real world problems and data sets. Particular care has been devoted to choosing topics for discussion that achieve this goal. Throughout the book there are worked examples and exercises, which are geared toward developing the reader's facility in using modern developments in production economics. Separate chapters are devoted to production, cost, and profit functions. Other topics include flexible functional forms, aggregation across inputs and outputs using the theory of separable structures, aggregation over economic optimizing firms, the representation of multioutput technologies, and the analysis and measurement of technical change from both a primal and a dual perspective.
Download or read book The New Palgrave Dictionary of Economics written by and published by Springer. This book was released on 2016-05-18 with total page 7493 pages. Available in PDF, EPUB and Kindle. Book excerpt: The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.
Download or read book Handbook of Production Economics written by Subhash C. Ray and published by Springer Nature. This book was released on 2022-06-02 with total page 1797 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Proceedings written by and published by . This book was released on 1990 with total page 906 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Proceedings of the 2nd International Conference Quantitative and Qualitative Methodologies in the Economic and Administrative Sciences written by Christos Frangos and published by Christos Frangos. This book was released on 2009 with total page 595 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Games Decisions and Markets written by Yasuhiro Sakai and published by Springer Nature. This book was released on with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Theory and Applications of Economic Indices written by XY. Eichhorn and published by Springer Science & Business Media. This book was released on 2013-12-14 with total page 736 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Developments in Econometric Analyses of Productivity written by Ali Dogramaci and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mathematical Economics written by Akira Takayama and published by Cambridge University Press. This book was released on 1985-08-30 with total page 770 pages. Available in PDF, EPUB and Kindle. Book excerpt: This systematic exposition and survey of mathematical economics emphasizes the unifying structures of economic theory.
Download or read book The Theory of International Trade written by John Somerset Chipman and published by Edward Elgar Publishing. This book was released on 2008-01-01 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Chipman is one of the most esteemed economists working in international trade theory. Presented in two volumes, this work presents Chipman's survey articles on the theory of international trade. The papers explore the evolution of thought from classical to new-classical and on to modern theory.
Download or read book Analytical Methods in Economics written by Akira Takayama and published by University of Michigan Press. This book was released on 1993 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt: An accessible introduction to the analytical foundation of economics
Download or read book Value Capital and Growth written by Gabriel R. Ricci and published by Routledge. This book was released on 2017-09-08 with total page 565 pages. Available in PDF, EPUB and Kindle. Book excerpt: Value, Capital and Growth was written as a mark of honor to Sir John Hicks on the occasion of his retirement as Drummond Professor of Political Economy at the University of Oxford. As the title implies, most of the essays are directed to the development of the three great topics of modern economic theory to which he contributed--Value, Capital, and Growth. More specifically, there are important papers on general equilibrium, aggregation, and index numbers-- all topics of deep interest in international economics.The volume is particularly noteworthy for a number of papers exploring hitherto unrealized implications of general equilibrium models. There are also several papers dealing with mathematical economics as they relate to trade and development, which will be of great interest to students of those fields. Few theorists possessed Hicks catholicity in economics and his interest in and appetite for all branches of applied economics, and especially comparative economic history. His interests ranged from Italian Renaissance banking to academic publishing and the export and import of scholarly works,The international eminence of the contributors and the quality of their work ensure that this volume is a fitting tribute to a great economist and that it will be studied carefully for many years. No effort was spared to present the work in a style and format worthy of the subject and of the occasion. The volume includes masterful contributions by Kenneth Arrow, Jagdish Bhagwati, Roy Harrod, Paul A. Samuelson, Robert M. Solow, and Alan A. Walters among others, and contains a full biographical and bibliographical data base on Hicks.J.N. Wolfe was professor of economics at the University of Edinburgh until his retirement.
