Equilibrium Models and Variational Inequalities

Igor Konnov

ISBN 10: 0444530304 / ISBN 13: 9780444530301

Published by Elsevier BV Mär 2007, 2007

About this Item

Neuware - The concept of equilibrium plays a central role in various applied sciences, such as physics (especially, mechanics), economics, engineering, transportation, sociology, chemistry, biology and other fields. If one can formulate the equilibrium problem in the form of a mathematical model, solutions of the corresponding problem can be used for forecasting the future behavior of very complex systems and, also, for correcting the the current state of the system under control. This book presents a unifying look on different equilibrium concepts in economics, including several models from related sciences.

Seller Inventory # 9780444530301

Bibliographic Details

• Title: Equilibrium Models and Variational Inequalities
• Publisher: Elsevier BV Mär 2007
• Publication Date: 2007
• Language: English
• ISBN 10: 0444530304
• ISBN 13: 9780444530301
• Binding: Buch
• Condition: Neu
• Dimensions: 234W x 156H x 16D millimeters 234 millimeters width by 156 millimeters height by 16 millimeters depth
• Weight: 532 grams

About this title

Synopsis

The concept of equilibrium plays a central role in various applied sciences, such as physics (especially, mechanics), economics, engineering, transportation, sociology, chemistry, biology and other fields. If one can formulate the equilibrium problem in the form of a mathematical model, solutions of the corresponding problem can be used for forecasting the future behavior of very complex systems and, also, for correcting the the current state of the system under control. This book presents a unifying look on different equilibrium concepts in economics, including several models from related sciences.

- Presents a unifying look on different equilibrium concepts and also the present state of investigations in this field- Describes static and dynamic input-output models, Walras, Cassel-Wald, spatial price, auction market, oligopolistic equilibrium models, transportation and migration equilibrium models- Covers the basics of theory and solution methods both for the complementarity and variational inequality problems- The methods are illustrated by applications and exercises to economic equilibrium models

Review

"By presenting a unifying view on equilibrium concepts in economics in an accessible and elegant way, this book fills an important gap in the xisting literature. It is recommended to researchers and graduate students working in theoretical aspects of mathematical equilibrium and/or applications to economic equilibrium models. However, a careful selection from the topics of the book together with necessary simplifications could also be used in an undergraduate course."--Mathematical Reviews