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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.
Detailangaben zum Buch - Duality and Modern Economics
EAN (ISBN-13): 9780521332910 ISBN (ISBN-10): 0521332915 Gebundene Ausgabe Erscheinungsjahr: 1992 Herausgeber: Cambridge University Press
Buch in der Datenbank seit 2015-03-17T15:50:56+01:00 (Berlin) Detailseite zuletzt geändert am 2023-05-13T16:17:02+02:00 (Berlin) ISBN/EAN: 0521332915
ISBN - alternative Schreibweisen: 0-521-33291-5, 978-0-521-33291-0 Alternative Schreibweisen und verwandte Suchbegriffe: Titel des Buches: duality and modern economics
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