Axiomatic Choice Models And Duality Pref

Author : H.N. Weddepohl
Publisher : Springer Science & Business Media
Page : 183 pages
File Size : 53,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789401198318

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Axiomatic choice models and duality by H.N. Weddepohl Pdf

Every day people frequently have to make a choice. For practical and scientific reasons therefore it is interesting to know what choices they make and how they arrive at them. An approach to this question can be made via psychology. However, it is also possible to approach it on a more formal basis. In this book Dr. Wedde pohl describes the logical structure of an individual's rational choice. It is this formal, logical approach to the decision problem that makes the book interesting reading matter for all those who are engaged in the study of individual choice. The introduction apart this study may be divided into two parts. The first part, consisting of chapters II and III, deals with choice theory on a very abstract level. In chapter II some mathematical concepts are presented and in chapter III two related choice models are treated, the first one based on preferences, the second one on choice functions. The second part consists of chapters IV, V and VI and covers consumer choice theory. After the pre sentation of the mathematical tools, two models that are extensions of the models of chapter III are dealt with. In the discussion of consumer choice theory the concept of duality plays an important role and it is found that duality is closely related to the notion of favourability introduced in chap ter II I. Mr. Weddepohl's study forms an introduction to a larger research project to develop the theory of collective choice.

Author : P.P. Wakker
Publisher : Springer Science & Business Media
Page : 203 pages
File Size : 41,6 Mb
Release : 2013-03-14
Category : Business & Economics
ISBN : 9789401578158

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Additive Representations of Preferences by P.P. Wakker Pdf

Author : G. Schwödiauer
Publisher : Springer Science & Business Media
Page : 768 pages
File Size : 49,6 Mb
Release : 2012-12-06
Category : Social Science
ISBN : 9789401011556

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Equilibrium and Disequilibrium in Economic Theory by G. Schwödiauer Pdf

This volume is the result of a conference held at the Institute for Advanced Studies, Vienna. There is still a gap reflected both in fundamental meth odological differences and in the style of analysis between the Walrasian (and Edgeworthian) tradition of general equilibrium theory and the theo retical and policy problems raised in the framework of Keynesian and post-Keynesian macroeconomics. The conference succeeded in bringing together economic theorists working in fields ranging from abstract prob lems of mathematical equilibrium analysis to applied macroeconomic theory, and it is hoped that the present volume will contribute to bridging the above-mentioned hiatus. As organizer of the meeting and editor of its proceedings I want to thank the Institute for Advanced Studies for providing facilities and funds. I am also sincerely grateful to all my colleagues from the Institute for their generous help, in particular to Mrs Monika Herkner without whose assistance and organizational talent the conference would certainly not have been the success it in fact - in the opinion of all participants - turned out to have been. Furthermore, I wish to express my gratitude towards all participants in the meeting and contributors to the volume whose patient support of the whole enterprise proved indispensable. To Mrs Elfriede Auracher I am deeply indebted for her skillful and effective general management of the editorial work and her invaluable assistance in compiling the indexes.

Author : G. Hammer,Diethard Pallaschke
Publisher : Springer Science & Business Media
Page : 479 pages
File Size : 42,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642455674

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Selected Topics in Operations Research and Mathematical Economics by G. Hammer,Diethard Pallaschke Pdf

Let eRN be the usual vector-space of real N-uples with the usual inner product denoted by (. ,. ). In this paper P is a nonempty compact polyhedral set of mN, f is a real-valued function defined on (RN continuously differentiable and fP is the line- ly constrained minimization problem stated as : min (f(x) I x € P) • For computing stationary points of problemtj) we propose a method which attempts to operate within the linear-simplex method structure. This method then appears as a same type of method as the convex-simplex method of Zangwill [6]. It is however, different and has the advantage of being less technical with regards to the Zangwill method. It has also a simple geometrical interpretation which makes it more under standable and more open to other improvements. Also in the case where f is convex an implementable line-search is proposed which is not the case in the Zangwill method. Moreover, if f(x) = (c,x) this method will coincide with the simplex method (this is also true in the case of the convex simplex method) i if f(x) = I Ixl 12 it will be almost the same as the algorithm given by Bazaraa, Goode, Rardin [2].

Author : Cars H. Hommes,Roald Ramer,Cees A. Withagen
Publisher : Springer Science & Business Media
Page : 344 pages
File Size : 41,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642561313

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Equilibrium, Markets and Dynamics by Cars H. Hommes,Roald Ramer,Cees A. Withagen Pdf

This book contains essays in honour of Claus Weddepohl who, after 22 years, is retiring as professor of mathematical economics at the Department of Quantitative Economics of the University of Amsterdam. Claus Weddepohl may be viewed as th~ first Dutch mathematical economist in the general equi librium tradition of Arrow, Debreu and Hahn. The essays in this book are centered around the themes Equilibrium, Markets and Dynamics, that have been at the heart of Weddepohl's work on mathematical economics for more than three decades. The essays have been classified according to these three themes. Admittedly such a classification always is somewhat arbitrary, and most essays would in fact fit into two or even all three themes. The essays have been written by international as well as Dutch friends and colleagues including Weddepohl's former Ph. D. students. The book starts with a review of Claus Weddepohl's work by Roald Ramer, who has been working with him in Amsterdam for all those years. The review describes how Weddepohl became fascinated by general equilibrium theory in the early stages of his career, how he has been working on the theory of markets throughout his career, and how he turned to applications of nonlinear dynamics to price adjustment processes in a later stage of his career. The first part of the book, Equilibrium, collects essays with general equilib rium theory as the main theme.

Author : Anonim
Publisher : Unknown
Page : 522 pages
File Size : 46,5 Mb
Release : 1981
Category : Bibliographical literature
ISBN : UOM:39015079882216

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Bibliographic Index by Anonim Pdf

Author : Kofi Kissi Dompere
Publisher : Springer
Page : 283 pages
File Size : 49,6 Mb
Release : 2009-07-22
Category : Technology & Engineering
ISBN : 9783540880837

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Fuzzy Rationality by Kofi Kissi Dompere Pdf

Philosophy involves a criticism of scientific knowledge, not from a point of view ultimately different from that of science, but from a point of view less concerned with details and more concerned with the h- mony of the body of special sciences. Here as elsewhere, while the older logic shut out possibilities and imprisoned imagination within the walls of the familiar, the newer logic shows rather what may happen, and refuses to decide as to what must happen. Bertrand Russell At any particular stage in the development of humanity knowledge comes up against limits set by the necessarily limited character of the experience available and the existing means of obtaining knowledge. But humanity advances by overcoming such limits. New experience throws down the limits of old experience; new techniques, new means of obtaining knowledge throw down the limits of old techniques and old means of obtaining knowledge. New limits then once again appear. But there is no more reason to suppose these new limits absolute and final than there was to suppose the old ones absolute and final.

Author : Sydney N. Afriat
Publisher : Princeton University Press
Page : 283 pages
File Size : 44,8 Mb
Release : 2014-07-14
Category : Business & Economics
ISBN : 9781400853069

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Demand Functions and the Slutsky Matrix. (PSME-7), Volume 7 by Sydney N. Afriat Pdf

The utility idea has had a long history in economics, especially in the explanation of demand and in welfare economics. In a comprehensive survey and critique of the Slutsky theory and the pattern to which it belongs in the economic context, S. N. Afriat offers a resolution of questions central to its main idea, including sufficient conditions as well. Originally published in 1980. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Author : New York Public Library. Research Libraries
Publisher : Unknown
Page : 580 pages
File Size : 43,8 Mb
Release : 1979
Category : Library catalogs
ISBN : UOM:39015082981864

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Dictionary Catalog of the Research Libraries of the New York Public Library, 1911-1971 by New York Public Library. Research Libraries Pdf

Author : Richard Cornes
Publisher : CUP Archive
Page : 308 pages
File Size : 51,8 Mb
Release : 1992-02-28
Category : Business & Economics
ISBN : 0521336015

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Duality and Modern Economics by Richard Cornes Pdf

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.

Author : Stephane Hess,Andrew Daly
Publisher : Edward Elgar Publishing
Page : 720 pages
File Size : 54,5 Mb
Release : 2014-08-29
Category : Business & Economics
ISBN : 9781781003152

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Handbook of Choice Modelling by Stephane Hess,Andrew Daly Pdf

The Handbook of Choice Modelling, composed of contributions from senior figures in the field, summarizes the essential analytical techniques and discusses the key current research issues. The book opens with Nobel Laureate Daniel McFadden calling for d

Author : Anonim
Publisher : Unknown
Page : 722 pages
File Size : 46,8 Mb
Release : 1971
Category : Economic history
ISBN : UOM:39015054475960

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Economics Selections: An International Bibliography by Anonim Pdf

Author : Michael Balch,Daniel McFadden,Shih-yen Wu
Publisher : Unknown
Page : 460 pages
File Size : 55,7 Mb
Release : 1974
Category : Business & Economics
ISBN : STANFORD:36105005580308

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Essays on Economic Behavior Under Uncertainty by Michael Balch,Daniel McFadden,Shih-yen Wu Pdf

Author : Lee Freese
Publisher : Pittsburgh : University of Pittsburgh Press
Page : 400 pages
File Size : 43,8 Mb
Release : 1980
Category : Social Science
ISBN : STANFORD:36105035730402

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Theoretical Methods in Sociology by Lee Freese Pdf

Author : William David Anthony Bryant
Publisher : World Scientific
Page : 779 pages
File Size : 55,7 Mb
Release : 2023-02-17
Category : Business & Economics
ISBN : 9789811254727

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Lectures In The Microeconomics Of Choice: Foundations, Consumers, And Producers by William David Anthony Bryant Pdf

People pursue their own interests, whatever those interests might be. Some people have interests that are narrow and selfish, while others have interests that are broad and altruistic. The idea that people are self-interested underpins all of economic analysis and raises two fundamental questions: 1. How do people choose the actions they think will further their own interests? 2. Can the potentially conflicting interests of different people be made to 'mesh' in some sort of socio-economic equilibrium? This book is devoted to a detailed study of the first question. Its Companion Volume (Economy-Wide Microeconomics: Equilibrium, Optimality, Applications and Tests) makes a detailed study of the second question.Following some foundational remarks, this book studies the Arrow-Debreu theory of consumer choice. That theory supposes people choose so as to maximize a complete, continuous, transitive, and reflexive binary preference relation over a non-empty and compact choice set. The book then studies numerous refinements, generalizations and extensions of each of these restrictions — up to and including recent work on Behavioral theories of choice and choice behaviour when preferences are intransitive/incomplete/discontinuous. Also considered is choice behaviour in environments that are not necessarily compact. A study is also made of intertemporal choice and choice under uncertainty. The study of Arrow-Debreu choice theory and its extensions are presented from the Primal, Dual, and Revealed Preference points of view.Consumers are not the only agents in the economy, as Producers are present as well. Beginning with a study of the Arrow-Debreu idea that producers choose from a convex production set so as to maximize profit, the book considers extensions and generalizations of this framework, particularly to non-convex environments. The study is presented from the Primal and Dual points of view.The final chapter in the book provides a link to its Companion Volume. The Chapter indicates how the theories of consumer and producer choice studied here help inform answers of the second question posed above.Resources are available to instructors who adopt this book. More details at www.worldscientific.com/worldscibooks/10.1142/12789-sm