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Competitive Agents in Certain and Uncertain Markets
Engelsk Hardback
Competitive Agents in Certain and Uncertain Markets
Engelsk Hardback

697 kr
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23 - 25 hverdage

Om denne bog
For all its elaborate theories and models, economics always reduces to comparisons. Should we build A rather than B? Will I be better off if I eat D rather than C? How much will it cost me to produce F instead of E? At root, the ultimate goal of economics is simple: assessing the alternatives and finding the best possible outcome. This basic mathematical concept underlies all introductions to the field of economics, yet as advanced students progress through the discipline, they often lose track of this foundational idea when presented with real-world complications and uncertainty. In Competitive Agents in Certain and Uncertain Markets, Robert G. Chambers develops an integrated analytic framework for treating consumer, producer, and market equilibrium analyses as special cases of a generic optimization problem. He builds on lessons learned by all beginning students of economics to show how basic concepts can still be applied even in complex and highly uncertain conditions. Drawing from optimization theory, Chambers demonstrates how the same unified mathematical framework applies to both stochastic and non-stochastic decision settings. The book borrows from both convex and variational analysis and gives special emphasis to differentiability, conjugacy theory, and Fenchel''s Duality Theorem. Throughout, Chambers includes practical examples, problems, and exercises to make abstract material accessible. Bringing together essential theoretical tools for understanding decision-making under uncertainty, Competitive Agents in Certain and Uncertain Markets provides a unified framework for analyzing a broad range of microeconomic decisions. This book will be an invaluable resource for advanced graduate students and scholars of microeconomic theory.
Product detaljer
Sprog:
Engelsk
Sider:
392
ISBN-13:
9780190063016
Indbinding:
Hardback
Udgave:
ISBN-10:
0190063017
Kategori:
Udg. Dato:
7 sep 2021
Længde:
33mm
Bredde:
236mm
Højde:
150mm
Forlag:
Oxford University Press Inc
Oplagsdato:
7 sep 2021
Forfatter(e):
Kategori sammenhænge