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Books > Business & Economics > Economics > Econometrics
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Economic Foundations of Symmetric Programming (Paperback)
Loot Price: R474
Discovery Miles 4 740
You Save: R61
(11%)
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Economic Foundations of Symmetric Programming (Paperback)
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List price R535
Loot Price R474
Discovery Miles 4 740
You Save R61 (11%)
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The search for symmetry is part of the fundamental scientific
paradigm in mathematics and physics. Can this be valid also for
economics? This book represents an attempt to explore this
possibility. The behavior of price-taking producers, monopolists,
monopsonists, sectoral market equilibria, behavior under risk and
uncertainty, and two-person zero- and non-zero-sum games are
analyzed and discussed under the unifying structure called the
linear complementarity problem. Furthermore, the equilibrium
problem allows for the relaxation of often-stated but unnecessary
assumptions. This unifying approach offers the advantage of a
better understanding of the structure of economic models. It also
introduces the simplest and most elegant algorithm for solving a
wide class of problems.
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