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Duality and modern economics
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ISBN: 0521336015 0521332915 0511571720 0511872267 9780521332910 9780521336017 9780511571725 Year: 1992 Publisher: Cambridge Cambridge University Press

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Abstract

Dual arguments have become a standard tool for analysis of problems involving optimization by consumers and producers. The principal aim of this book is to provide a fairly systematic yet simple exposition of the basic structure of such arguments. The emphasis is not on providing mathematically general proofs; instead, a geometric approach is used to provide, in an informal way, an intuitive understanding of duality theory. This book introduces the most common alternative ways of representing preferences and technologies, such as indirect utility and distance functions, expenditure and cost functions, and profit and revenue functions. and it discusses the assumptions under which alternative formulations contain precisely the same information. Results such as Roy's identity. the Hotelling-Wold identity, and Shephard's lemma are fully explained. as are their roles in facilitating analysis of behaviour.

Keywords

330.1 --- 330.1 Economische grondbegrippen. Algemene begrippen in de economie --- Economische grondbegrippen. Algemene begrippen in de economie --- Analyse microéconomique --- Courbe de demande (Theorie economique) --- Demand functions (Economic theory) --- Dualiteit [Theorie van de ] (Wiskunde) --- Dualité [Théorie de la ] (Mathématiques) --- Mathematics duality theory --- Theorie van de dualiteit (Wiskunde) --- Théorie de la dualité (Mathématiques) --- Verbruikers --- Vraagcurve (Economische theorie) --- DEMAND FUNCTIONS (Economic theory) --- Consumer behavior --- Duality theory (Mathematics) --- Econometric models --- Microeconomics --- Price theory --- Economics --- Econometrics --- Mathematical models --- Algebra --- Mathematical analysis --- Topology --- Demand curves (Economic theory) --- Functions, Demand (Economic theory) --- Behavior, Consumer --- Buyer behavior --- Decision making, Consumer --- Human behavior --- Consumer profiling --- Market surveys --- Quantitative methods (economics) --- Econometric models. --- Consumer behavior. --- Microeconomics. --- Consumers --- 330.00 --- 330.3 --- 339.20 --- AA / International- internationaal --- Economische en sociale theorieën: algemeenheden --- Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics --- Verdeling van de goederen en van de inkomens: algemeenheden --- Business, Economy and Management --- Microéconomie --- Modèles économétriques --- Demande (économie politique) --- Dualité, Principe de (mathématiques) --- Consommateurs --- Attitudes --- Microéconomie --- Modèles économétriques --- Demande (économie politique) --- Dualité, Principe de (mathématiques)

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