Economic Foundations of Symmetric Programming - Hardcover

Paris, Quirino

Hardcover

ISBN 10: 0521194725 ISBN 13: 9780521194723

Publisher: Cambridge University Press, 2010

Synopsis

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 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.

About this title

Book Description

This textbook on symmetric programming is for graduate students who have already taken a graduate course in microeconomic theory. The book revisits the same topics (price taking, monopoly, etc.) but makes them operational with a mathematical programming approach that extends their discussion to multi-input and multi-output scenarios. Numerical examples and guidance for computer applications are provided

About the Author

Quirino Paris is Professor of Agricultural and Resource Economics at the University of California, Davis, where he has taught since 1969. He received his Ph.D. from the University of California, Berkeley, in 1966 and then served on the university staff of the Advanced Training Center for Economic Research at the University of Naples, Italy. Professor Paris's research has concentrated on investigations of producer and consumer behavior, of which the present text is the most recent example. He is the author of more than 100 journal articles in economics and research methodology and of the textbook An Economic Interpretation of Linear Programming (1991). Professor Paris is also a Fellow of the European Association of Agricultural Economists. He has served as a visiting professor at universities around the world.

Edition details

• Publisher: Cambridge University Press
• Publication date: 2010
• ISBN 10: 0521194725
• ISBN 13: 9780521194723
• Binding: Hardcover
• Language: English
• Number of pages: 568