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Book synopsis

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.

Book details

Book category Books in English Economics, finance, business & management Economics Microeconomics

• Full title: Economic Foundations of Symmetric Programming
• Author: Quirino Paris
• Language: English
• Binding: Paperback
• Number of pages: 568
• EAN: 9780521123020
• ISBN: 052112302X
• ID: 02022942
• Publisher: Cambridge University Press
• Weight: 778 g
• Dimensions: 156 × 229 × 30 mm
• Date of publishing: 01. November 2010

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