Competitive Agents in Certain and Uncertain Markets

Competitive Agents in Certain and Uncertain Markets
Author :
Publisher : Oxford University Press
Total Pages : 390
Release :
ISBN-10 : 9780190063030
ISBN-13 : 0190063033
Rating : 4/5 (30 Downloads)

Book Synopsis Competitive Agents in Certain and Uncertain Markets by : Robert G. Chambers

Download or read book Competitive Agents in Certain and Uncertain Markets written by Robert G. Chambers and published by Oxford University Press. This book was released on 2020-11-30 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: For all its elaborate theories and models, economics always reduces to comparisons. Should we build A rather than B? Will I be better off if I eat D rather than C? How much will it cost me to produce F instead of E? At root, the ultimate goal of economics is simple: assessing the alternatives and finding the best possible outcome. This basic mathematical concept underlies all introductions to the field of economics, yet as advanced students progress through the discipline, they often lose track of this foundational idea when presented with real-world complications and uncertainty. In Competitive Agents in Certain and Uncertain Markets, Robert G. Chambers develops an integrated analytic framework for treating consumer, producer, and market equilibrium analyses as special cases of a generic optimization problem. He builds on lessons learned by all beginning students of economics to show how basic concepts can still be applied even in complex and highly uncertain conditions. Drawing from optimization theory, Chambers demonstrates how the same unified mathematical framework applies to both stochastic and non-stochastic decision settings. The book borrows from both convex and variational analysis and gives special emphasis to differentiability, conjugacy theory, and Fenchel's Duality Theorem. Throughout, Chambers includes practical examples, problems, and exercises to make abstract material accessible. Bringing together essential theoretical tools for understanding decision-making under uncertainty, Competitive Agents in Certain and Uncertain Markets provides a unified framework for analyzing a broad range of microeconomic decisions. This book will be an invaluable resource for advanced graduate students and scholars of microeconomic theory.


Competitive Agents in Certain and Uncertain Markets Related Books

Competitive Agents in Certain and Uncertain Markets
Language: en
Pages: 390
Authors: Robert G. Chambers
Categories: Business & Economics
Type: BOOK - Published: 2020-11-30 - Publisher: Oxford University Press

DOWNLOAD EBOOK

For all its elaborate theories and models, economics always reduces to comparisons. Should we build A rather than B? Will I be better off if I eat D rather than
Investment, Capital Market Imperfections, and Uncertainty
Language: en
Pages: 176
Authors: Robert Lensink
Categories: Business & Economics
Type: BOOK - Published: 2001-01-01 - Publisher: Edward Elgar Publishing

DOWNLOAD EBOOK

This book presents an up-to-date overview of the theory as well as the empirics of the relationship between investment, financial imperfections and uncertainty.
The New Palgrave Dictionary of Economics
Language: en
Pages: 7493
Authors:
Categories: Law
Type: BOOK - Published: 2016-05-18 - Publisher: Springer

DOWNLOAD EBOOK

The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written
The End of Finance
Language: en
Pages: 177
Authors: Jan Toporowski
Categories: Business & Economics
Type: BOOK - Published: 2002-03-11 - Publisher: Routledge

DOWNLOAD EBOOK

This volume develops an original critique of the belief that the present era of finance, where finance markets dominate contemporary capitalist economies, repre
Modern Organizations
Language: en
Pages: 273
Authors: Stewart R Clegg
Categories: Social Science
Type: BOOK - Published: 1990-09-05 - Publisher: SAGE

DOWNLOAD EBOOK

This wide-ranging analysis both explores current approaches to organization studies and relates the concepts of modernity and postmodernity to the realities of