Economic Theory and Operations Analysis

Economic Theory and Operations Analysis PDF Author: William J. Baumol
Publisher: Prentice Hall
ISBN:
Category : Business & Economics
Languages : en
Pages : 728

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Book Description
Analytic tools of optimization; Demand and production theory; Firms; games and decisions; General equilibrium; welfare and distribution.

Economic Theory and Operations Analysis

Economic Theory and Operations Analysis PDF Author: William J. Baumol
Publisher: Prentice Hall
ISBN:
Category : Business & Economics
Languages : en
Pages : 728

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Book Description
Analytic tools of optimization; Demand and production theory; Firms; games and decisions; General equilibrium; welfare and distribution.

Economic Theory And Operations Analysis 4Th Ed.

Economic Theory And Operations Analysis 4Th Ed. PDF Author: William J. Baumol
Publisher:
ISBN: 9788120301412
Category : Economics
Languages : en
Pages : 695

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Book Description


Economic Theory and Operations Analysis

Economic Theory and Operations Analysis PDF Author: William J. Baumol
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 634

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Book Description
Analytic tools of optimization; Microeconomic analysis; Recent developments in mathematical economics; Postcript on computers.

Economic Theory and Operations Analysis

Economic Theory and Operations Analysis PDF Author: Baumol William J
Publisher:
ISBN: 9780876921418
Category : Economics
Languages : en
Pages : 695

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Book Description


Mathematical Methods of Game and Economic Theory

Mathematical Methods of Game and Economic Theory PDF Author: Jean-Pierre Aubin
Publisher: Courier Corporation
ISBN: 048646265X
Category : Mathematics
Languages : en
Pages : 658

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Book Description
Mathematical economics and game theory approached with the fundamental mathematical toolbox of nonlinear functional analysis are the central themes of this text. Both optimization and equilibrium theories are covered in full detail. The book's central application is the fundamental economic problem of allocating scarce resources among competing agents, which leads to considerations of the interrelated applications in game theory and the theory of optimization. Mathematicians, mathematical economists, and operations research specialists will find that it provides a solid foundation in nonlinear functional analysis. This text begins by developing linear and convex analysis in the context of optimization theory. The treatment includes results on the existence and stability of solutions to optimization problems as well as an introduction to duality theory. The second part explores a number of topics in game theory and mathematical economics, including two-person games, which provide the framework to study theorems of nonlinear analysis. The text concludes with an introduction to non-linear analysis and optimal control theory, including an array of fixed point and subjectivity theorems that offer powerful tools in proving existence theorems.

Data Envelopment Analysis

Data Envelopment Analysis PDF Author: Subhash C. Ray
Publisher: Cambridge University Press
ISBN: 9781139453318
Category : Business & Economics
Languages : en
Pages : 376

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Book Description
Using the neo-classical theory of production economics as the analytical framework, this book, first published in 2004, provides a unified and easily comprehensible, yet fairly rigorous, exposition of the core literature on data envelopment analysis (DEA) for readers based in different disciplines. The various DEA models are developed as nonparametric alternatives to the econometric models. Apart from the standard fare consisting of the basic input- and output-oriented DEA models formulated by Charnes, Cooper, and Rhodes, and Banker, Charnes, and Cooper, the book covers developments such as the directional distance function, free disposal hull (FDH) analysis, non-radial measures of efficiency, multiplier bounds, mergers and break-up of firms, and measurement of productivity change through the Malmquist total factor productivity index. The chapter on efficiency measurement using market prices provides the critical link between DEA and the neo-classical theory of a competitive firm. The book also covers several forms of stochastic DEA in detail.

Microtheory

Microtheory PDF Author: William J. Baumol
Publisher: MIT Press
ISBN: 9780262022453
Category : Business & Economics
Languages : en
Pages : 332

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Book Description
This volume of seventeen previously published essays by William J. Baumol brings together work on the theory of contestable markets, welfare theory, antitrust, pricing, and the history of economic thought. Written between 1971 and 1983, they have sparked productive extensions and criticism in microeconomic theory and provide an engaging intellectual history of one of the leading figures in the field of economics. Baumol introduces each of the book's four parts, presenting his subsequent views on the subjects covered in the reprinted articles, including some important amendments.The book opens with an autobiographical essay that presents the intellectual climate of economics in the 1940s in which Kenneth Arrow, Frank Hahn, Martin Shubik, Otto Eckstein, and Gary Becker were beginning their careers. Baumol's introductory essays to the book's major sections take up the threads from this autobiographical piece and follow them to the development of concepts central to economic theory, applications, and methodology.Three essays in the first part provide an underpinning for the theory of contestable markets. In the second part five essays explore issues in welfare economics such as the role of diminishing and increasing returns may play the role of symmetric obstacles to Pareto optimality. Essays in the third part range from regulation and antitrust to urban economics to the Phillips curve and the pitfalls of using, in the analysis of real issues, dual values derived from linear models when the underlying reality is nonlinear. Those in the concluding part focus on the history of economic ideas such as the Smithian versus Marxian view of business morality and the social interest, the Marxian concept of value transformation, the iron law of wages, and Say's law.William J. Baumol is Professor of Economics by joint appointment at Princeton University and New York University.

Foundations of Dynamic Economic Analysis

Foundations of Dynamic Economic Analysis PDF Author: Michael R. Caputo
Publisher: Cambridge University Press
ISBN: 1107717639
Category : Business & Economics
Languages : en
Pages : 632

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Book Description
Foundations of Dynamic Economic Analysis presents a modern and thorough exposition of the fundamental mathematical formalism used to study optimal control theory, i.e., continuous time dynamic economic processes, and to interpret dynamic economic behavior. The style of presentation, with its continual emphasis on the economic interpretation of mathematics and models, distinguishes it from several other excellent texts on the subject. This approach is aided dramatically by introducing the dynamic envelope theorem and the method of comparative dynamics early in the exposition. Accordingly, motivated and economically revealing proofs of the transversality conditions come about by use of the dynamic envelope theorem. Furthermore, such sequencing of the material naturally leads to the development of the primal-dual method of comparative dynamics and dynamic duality theory, two modern approaches used to tease out the empirical content of optimal control models. The stylistic approach ultimately draws attention to the empirical richness of optimal control theory, a feature missing in virtually all other textbooks of this type.

MANAGERIAL ECONOMICS

MANAGERIAL ECONOMICS PDF Author: YOGESH MAHESHWARI
Publisher: PHI Learning Pvt. Ltd.
ISBN: 812034667X
Category : Business & Economics
Languages : en
Pages : 366

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Book Description
For courses in managerial economics, this textbook, now in its third edition, is specifically designed for the students of management, commerce and economics to provide them with a thorough understanding of economic concepts and methodologies and the economic environment influencing managerial decisions. The book first lays a sound theoretical foundation of basic concepts, defi-nitions, and methodologies of economics, being an essential prerequisite for students to understand the theory of managerial economics. All the basic principles are introduced with mathematical complexity kept to minimum—essentials of applied mathematics needed for comprehending the under-lying ideas of models and theories of economics are covered. The book then moves on to systematically enumerates the various tools of analysis such as demand analysis, cost analysis, elasticity of demand, production analysis and price theory, and highlights their importance in managerial decision making through the concept-example format, wherein a concept discussed is immediately followed by a practical situation so that the reader can understand its application. The end-of-chapter questions reinforce a deeper understanding of the concepts introduced in the text. An exclusive chapter on linear programming emphasizes the importance of this mathematical tool in finding optimal business solutions. The book concludes with an exhaustive introduction to macroeconomics, analyzing in depth the concepts of inflation, income, savings and investments, and growth and employment in Indian context. New to the Third Edition Revised and expanded coverage of evolution of economic thought, and basic economic terms. An enriched inclusion of demand forecasting techniques, and the Cobb-Douglas production function. An extensive illustration of the commonly used pricing methods and market power. Value addition to the existing list of case studies to enhance students’ understanding of the theoretical concepts.

Microeconomics: Theory And Applications

Microeconomics: Theory And Applications PDF Author: D. N. Dwivedi
Publisher: Pearson Education India
ISBN: 9788177586480
Category : Cost
Languages : en
Pages : 648

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Book Description
This book is intended to be a comprehensive and standard textbook for undergraduate students of Microeconomics. Apart from providing students with sufficient study material for examination purpose, it aims at making them understand economics. An effort has been made to explain abstract and complex microeconomic theories in a simple and lucid language without sacrificing analytical sophistication. The subject matter has been structured in a systematic manner without leaving gaps for the readers to fill in. Though the approach is non-mathematical, simple algebra has been used to give a concrete view of economic concepts and theories and to show the applicability of economic theories in decision making.