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Duality and Modern Economics by Richard Cornes (1992, Hardcover)

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About this product

Product Information

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.

Product Identifiers

Publisher
Cambridge University Press
ISBN-10
0521332915
ISBN-13
9780521332910
eBay Product ID (ePID)
881216

Product Key Features

Author
Richard Cornes
Publication Name
Duality and Modern Economics
Format
Hardcover
Language
English
Publication Year
1992
Type
Textbook
Number of Pages
304 Pages

Dimensions

Item Length
9.3in
Item Height
0.9in
Item Width
6.1in
Item Weight
19.9 Oz

Additional Product Features

Lc Classification Number
Hb801 .C635 1992
Table of Content
Part I. Some Background: 1. Some formal preliminaries: An informal treatment; Part II. Modelling Individual Consumer and Producer Behaviour: 2. Individual consumer behaviour: Direct and indirect utility functions; 3. Individual consumer behaviour: Expenditure and distance functions; 4. Individual consumer behavior: Further useful relationships and formulations; 5. Producer behavior; 6. Consumer and producer behaviour: More useful topics; 7. Consumer theory with many constraints; Part III. Applying the Model of Individual Behaviour: 8. Aggregation analysis; 9. Consumer theory and welfare; 10. Externalities and public goods.
Copyright Date
1992
Target Audience
Scholarly & Professional
Topic
Consumer Behavior, Economics / Microeconomics, General, Econometrics
Lccn
91-018054
Dewey Decimal
338.5
Dewey Edition
20
Illustrated
Yes
Genre
Business & Economics

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