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Author: Panos M. Pardalos
Publisher: Springer Science & Business Media
ISBN: 0387772472
Category : Mathematics
Languages : en
Pages : 872
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Book Description
This comprehensive work examines important recent developments and modern applications in the fields of optimization, control, game theory and equilibrium programming. In particular, the concepts of equilibrium and optimality are of immense practical importance affecting decision-making problems regarding policy and strategies, and in understanding and predicting systems in different application domains, ranging from economics and engineering to military applications. The book consists of 29 survey chapters written by distinguished researchers in the above areas.
Author: Panos M. Pardalos
Publisher: Springer Science & Business Media
ISBN: 0387772472
Category : Mathematics
Languages : en
Pages : 872
Get Book Here
Book Description
This comprehensive work examines important recent developments and modern applications in the fields of optimization, control, game theory and equilibrium programming. In particular, the concepts of equilibrium and optimality are of immense practical importance affecting decision-making problems regarding policy and strategies, and in understanding and predicting systems in different application domains, ranging from economics and engineering to military applications. The book consists of 29 survey chapters written by distinguished researchers in the above areas.
Author: Fouad Sabry
Publisher: One Billion Knowledgeable
ISBN:
Category : Business & Economics
Languages : en
Pages : 289
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Book Description
What is Pareto Efficiency Pareto efficiency or Pareto optimality is a situation where no action or allocation is available that makes one individual better off without making another worse off. The concept is named after Vilfredo Pareto (1848-1923), Italian civil engineer and economist, who used the concept in his studies of economic efficiency and income distribution. The following three concepts are closely related:Given an initial situation, a Pareto improvement is a new situation where some agents will gain, and no agents will lose.A situation is called Pareto-dominated if there exists a possible Pareto improvement.A situation is called Pareto-optimal or Pareto-efficient if no change could lead to improved satisfaction for some agent without some other agent losing or, equivalently, if there is no scope for further Pareto improvement. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Pareto efficiency Chapter 2: Economic efficiency Chapter 3: Welfare economics Chapter 4: Allocative efficiency Chapter 5: Social planner Chapter 6: Liberal paradox Chapter 7: Fundamental theorems of welfare economics Chapter 8: Competitive equilibrium Chapter 9: Efficient cake-cutting Chapter 10: Efficient envy-free division Chapter 11: Weller's theorem Chapter 12: Utilitarian cake-cutting Chapter 13: Envy-free item allocation Chapter 14: Approximate Competitive Equilibrium from Equal Incomes Chapter 15: Fair random assignment Chapter 16: Random priority item allocation Chapter 17: Egalitarian equivalence Chapter 18: Efficient approximately fair item allocation Chapter 19: Fractional Pareto efficiency Chapter 20: Egalitarian rule Chapter 21: Ordinal Pareto efficiency (II) Answering the public top questions about pareto efficiency. (III) Real world examples for the usage of pareto efficiency in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Pareto Efficiency.
Author: Simon Valentin
Publisher: GRIN Verlag
ISBN: 3668990093
Category : Political Science
Languages : en
Pages : 5
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Book Description
Seminar paper from the year 2018 in the subject Politics - Political Theory and the History of Ideas Journal, grade: 1,3, University of Toronto (Munk School of Global Affairs and Public Policy), language: English, abstract: In this essay, I will first describe the Pareto and the Kaldor-Hicks standard of efficiency. I will then elaborate on the relationship and the differences between the two concepts and finally investigate how the acceptance and application of the two standards shape evaluation and justification in state action.
Author: John G. Riley
Publisher: Cambridge University Press
ISBN: 0521827477
Category : Business & Economics
Languages : en
Pages : 717
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Book Description
Essential Microeconomics is designed to help students deepen their understanding of the core theory of microeconomics. Unlike other texts, this book focuses on the most important ideas and does not attempt to be encyclopedic. Two-thirds of the textbook focuses on price theory. As well as taking a new look at standard equilibrium theory, there is extensive examination of equilibrium under uncertainty, the capital asset pricing model, and arbitrage pricing theory. Choice over time is given extensive coverage and includes a basic introduction to control theory. The final third of the book, on game theory, provides a comprehensive introduction to models with asymmetric information. Topics such as auctions, signaling, and mechanism design are made accessible to students who have a basic rather than a deep understanding of mathematics. There is ample use of examples and diagrams to illustrate issues as well as formal derivations. Essential Microeconomics is designed to help students deepen their understanding of the core theory of microeconomics.
Author: Christopher Phelan
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages : 35
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Book Description
Inherent in the definition of Pareto efficiency is the idea that, in dynamic environments, an individual is indexed by the history of events up to his birth (rather than, as usual, the date of birth). Here, we explore the implications of this natural formulation. The set of Pareto efficient allocations that is consistent with this view is potentially larger than those considered so far in the literature. We show that the set of allocations is strictly larger because we do not require individuals to have insurance motives of the Harsanyi-Rawls type regarding risks on their own type realization. We do, however, maintain the insurance motives of parents toward their children. Even in our more general framework, efficiency criteria impose substantial restrictions on the set of allocations. Interestingly, the restrictions are of a new nature. Our different, more natural view has some important policy implications. The first is that some policy criteria (for example, the progressive nature of taxes) cannot be defended on efficiency grounds, once the Harsanyi-Rawlsian insurance criterion is rejected as being normatively unsound. Second, we show that the condition of imposing no taxes of any kind, coupled with each agent owning his own production, results in a Pareto efficient allocation.
Author: Deen K. Chatterjee
Publisher:
ISBN: 9781784027018
Category : Electronic books
Languages : en
Pages :
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Book Description
The Encyclopedia is an international, interdisciplinary, and collaborative project, spanning all the relevant areas of scholarship related to issues of global justice, and edited and advised by leading scholars from around the world. The wide-ranging entries present the latest ideas on this complex subject by authors who are at the cutting edge of inquiry.
Author: Thomas J. Miceli
Publisher: Stanford University Press
ISBN: 1503604578
Category : Business & Economics
Languages : en
Pages : 803
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Book Description
Master teacher Thomas J. Miceli provides an introduction to law and economics that reveals how economic principles can explain the structure of the law and make it more efficient. The third edition of this seminal textbook is thoroughly updated to include recent cases and the latest scholarship, with particular attention paid to torts, contracts, property rights, and the economics of crime. A new chapter organization, ideal for quarter- or semester-long courses, strengthens the book's focus on unifying themes in the field. As Miceli tells a cohesive, analytical "story" about law from a distinctly economic perspective, exercises and problems encourage students to deepen their knowledge. A companion website is available at http://www.sup.org/economiclaw. It offers a full suite of resources for both students and professors. Key pedagogical features include cases; discussion points that provide additional analysis of topics in the book; graduate notes, which enrich the text for more advanced readers; and relevant links. Professors have access to sample syllabi for undergraduate and graduate courses and an instructor's manual, which provides answers to all of the end-of-chapter questions and problems in the book.
Author: Roberto Serrano
Publisher: Cambridge University Press
ISBN: 1107017343
Category : Business & Economics
Languages : en
Pages : 397
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Book Description
This is a textbook for an intermediate level course in microeconomics that uses calculus throughout. Most of the competition either uses no calculus or relegates the math to footnotes and appendices. The text also focuses on theory rather than empirical data. To motivate the analysis, the authors include references to real events and firms, with no distracting separate boxes.
Author: K. Filip Palda
Publisher: Filip Palda
ISBN: 0987788000
Category : Economics
Languages : en
Pages : 124
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Book Description
Author: Luigino Bruni
Publisher: Routledge
ISBN: 1134105177
Category : Business & Economics
Languages : en
Pages : 299
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Book Description
Pareto's Manual of Political Economy, first published in 1905, introduced the analytical approach which has characterised a significant part of twentieth century economic theory. In particular, the Manual examined the ordinal representation of the individual choice, the issue of the general economic equilibrium and the Pareto optimality criterion for evaluating economic efficiency. The Manual also contained analyses of production, non-linear prices, non-competitive markets and the competition process, which have not yet been fully developed in modern mainstream economics. Based on Pareto’s groundbreaking ‘Manuale di Economia Politica’, this edited collection brings together a selection of essays from some of the most authoritative scholars of Pareto, who discuss the relevance of Pareto’s economics in the context of the present theoretical debate.
