This is the second of a two-volume work intended to function as a textbook well as a reference work for economic for graduate students in economics, as scholars who are either working in theory, or who have a strong interest in economic theory. While it is not necessary that a student read the first volume before tackling this one, it may make things easier to have done so. In any case, the student undertaking a serious study of this volume should be familiar with the theories of continuity, convergence and convexity in Euclidean space, and have had a fairly sophisticated semester's work in...
This is the second of a two-volume work intended to function as a textbook well as a reference work for economic for graduate students in economics, a...
Fighting crime breeds emotional responses which often lead to counter-productive government policy. To allow a rational analysis of these important concerns, this book employs the thinking of economics, political science, and game theory to develop new perspectives on crime and its causes. A basic assumption is that the criminal is a rational actor who makes decisions based on his or her personal expected gains and costs. By using this assumption, predictions about behaviour as well as emotional concerns such as prostitution and gun control are given a theoretical perspective. By...
Fighting crime breeds emotional responses which often lead to counter-productive government policy. To allow a rational analysis of these important...
This book contains a collection of original and state-of-the-art contributions in rational choice and general equilibrium theory. Among the topics are preferences, demand, equilibrium, core allocations, and testable restrictions. The contributing authors are Daniel McFadden, Rosa Matzkin, Emma Moreno-Garcia, Roger Lagunoff, Yakar Kannai, Myrna Wooders, James Moore, Ted Bergstrom, Luca Anderlini, Lin Zhou, Mark Bagnoli, Alexander Kovalenkov, Carlos Herves-Beloso, Michaela Topuzu, Bernard Cornet, Andreu Mas-Colell and Nicholas Yannelis.
This book contains a collection of original and state-of-the-art contributions in rational choice and general equilibrium theory. Among the topics are...
Here, two highly experienced authors present an alternative approach to optimal stopping problems. The basic ideas and techniques of the approach can be explained much simpler than the standard methods in the literature on optimal stopping problems. The monograph will teach the reader to apply the technique to many problems in economics and finance, including new ones. From the technical point of view, the method can be characterized as option pricing via the Wiener-Hopf factorization.
Here, two highly experienced authors present an alternative approach to optimal stopping problems. The basic ideas and techniques of the approach c...
This book is intended to provide economists with mathematical tools necessary to handle the concepts of evolution under uncertainty and adaption arising in economics, pursuing the Arrow-Debreu-Hahn legacy. It applies the techniques of viability theory to the study of economic systems evolving under contingent uncertainty, faced with scarcity constraints, and obeying various implementation of the inertia principle. The book illustrates how new tools can be used to move from static analysis, built on concepts of optima, equilibria and attractors to a contingent dynamic framework.
This book is intended to provide economists with mathematical tools necessary to handle the concepts of evolution under uncertainty and adaption arisi...
In the area of dynamic economics, David Cass's work has spawned a number of important lines of research, including the study of dynamic general equilibrium theory, the concept of sunspot equilibria, and general equilibrium theory when markets are incomplete. Based on these contributions, this volume contains new developments in the field, written by Cass's students and co-authors.
In the area of dynamic economics, David Cass's work has spawned a number of important lines of research, including the study of dynamic general equ...
