E-Book, Englisch, Band 1, 273 Seiten, eBook
E-Book, Englisch, Band 1, 273 Seiten, eBook
Reihe: Advances in Japanese Business and Economics
ISBN: 978-4-431-54430-2
Verlag: Springer Tokyo
Format: PDF
Kopierschutz: Wasserzeichen (»Systemvoraussetzungen)
(second enhanced edition) explores how the symmetry and invariance of economic models can provide insights into their properties. Although the professional economist of today is adept at many of the mathematical techniques used in static and dynamic optimization models, group theory is still not among his or her repertoire of tools. The authors aim to show that group theoretic methods form a natural extension of the techniques commonly used in economics and that they can be easily mastered. Part I provides an introduction that minimizes prerequisites including prior knowledge of group theory. Part II discusses recent developments in the field.
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Weitere Infos & Material
Part I Introduction1 Introduction1.1 GROUP THEORY AND CLASSIFICATION OF MATHEMATICAL STRUCTURE1.2 LIE GROUPS AND INVARIANCE1.3 ECONOMIC APPLICATIONS OF LIE GROUPS 2 Technical Progress and Economies of Scale: Concept of Holotheticity2.1 A REFORMULATION OF THE PROBLEM2.2 LIE GROUPS2.3 HOLOTHETICITY2.4 CONCLUSION 3 Holothetic Production Functions and Marginal Rate of Technical Substitution3.1 TYPES OF TECHNICAL PROGRESS FUNCTIONS AND HOLOTHETICITY3.2 MARGINAL RATE OF TRANSFORMATION AND EXTENDED TRANSFORMATION3.3 HOLOTHETICITY AND LIE BRACKET3.4 CONCLUSION 4 Utility and Demand4.1 INTEGRABILITY CONDITIONS4.2 CONCLUSION 5 Duality and Self Duality5.1 DUALITY IN CONSUMER THEORY5.2 SEPARABILITY AND ADDITIVITY5.3 SELF-DUALITY IN DEMAND THEORY5.4 A METHOD OF DERIVING SELF-DUAL DEMAND FUNCTIONS5.5EMPIRICAL ESTIMATION OF SELF-DUAL DEMAND FUNCTIONS5.6 IMPLICIT SELF-DUALITY OF PRODUCTION AND COST FUNCTIONS5.7 CONCLUSION 6 The Theory of Index Numbers6.1 STATISTICAL APPROACH6.2 TEST APPROACH6.3 ECONOMIC INDEX NUMBERS6.4 DIVISIA INDEX 7 Dynamics and Conservation Laws7.1 THE VARIATIONAL PROBLEM AND THE RAMSEY RULE7.2 STEADY STATE AND THE GOLDEN RULES7.3 THE HAMILTONIAN FORMULATION AND CONTROL THEORY7.4 NOETHER THEOREM AND ITS IMPLICATIONS7.5 CONSERVATION LAWS IN VON NEUMANN MODEL7.6 MEASUREMENT OF NATIONAL INCOME AND INCOME-WEALTH RATIOS7.7 CONCLUSION Part II Recent Developments8 The Invariance Principle and Income-Wealth Conservation Laws8.1 INTRODUCTION8.2 BRIEF SUMMARY OF THE LITERATURE8.3 A MODEL WITH HETEROGENEOUS CAPITAL GOODS8.4 NOETHER’S THEOREM (INVARIANCE PRINCIPLE8.5 INCOME-WEALTH CONSERVATION LAWS8.6 SPECIAL CASES8.7 GENERALIZED INCOME/ WEALTH CONSERVATION LAWS8.8 INCOME-CAPITAL (WEALTH) CONSERVATION LAWIN THE VON NEUMANN MODEL8.9 THE TOTAL VALUE CONSERVATION LAWOF THE FIRM8.10 EMPIRICAL APPLICATIONS8.11 SUMMARY
9 Conservation Laws in Continuous and Discrete Models
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In memory of Professor Mineo Ikeda
9.1 INTRODUCTION9.2 CONTINUOUS MODELS9.3 DISCRETE MODELS (2012 VERSION) BY SHIGERU MAEDA9.4 SUMMARY 10 Quantity or Quality: The Impact of Labour Saving Innovation on US and Japanese Growth Rates, 1960–200410.1 INTRODUCTION10.2 A MODEL OF BIASED (LABOUR SAVING) TECHNICAL CHANGE10.3 APPLICATIONS TO THE US AND JAPANESE DATA10.4 CONCLUSION 11 A Survey on Recent Developments11.1 Introduction11.2 Extensions of the Income-Wealth Conservation Law11.3 Externalities and Policy Interventions 11.4 Stochastic Income and Wealth Conservation Law11.5 Warning11.6 Conservation Laws and Helmholtz Conditions11.7 Comparisons: Three Approaches11.8 Hartwick Rule and Conservation Laws11.9 More Abstract Applications of Group Theory to Economics and Finance 12 Appendix to Part II---Symmetry: An Overview of Geometric Methods in Economics12.1 INTRODUCTION12.2 TOOLBOX12.3 HOLOTHETICITY: SYMMETRY OF THE ISOQUANT MAP12.4 EXAMPLES OF CONSERVATION LAWS IN ECONOMICS12.5 CONCLUSION