Economic Foundations of Symmetric Programming,Used

Economic Foundations of Symmetric Programming,Used

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SKU: SONG052112302X
Brand: Cambridge University Press
Condition: Used
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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 textbook represents an attempt to explore this possibility. The behavior of pricetaking producers, monopolists, monopsonists, sectoral market equilibria, behavior under risk and uncertainty, and twoperson zero and nonzerosum games are analyzed and discussed under the unifying structure called the linear complementarity problem. Furthermore, the equilibrium problem allows for the relaxation of oftenstated 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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