Financial Markets Theory / Equilibrium, Efficiency and Information, Barucci Emilio
Автор: Isac G., Bulavsky V.A., Kalashnikov Vyacheslav V. Название: Complementarity, Equilibrium, Efficiency and Economics ISBN: 1402006888 ISBN-13(EAN): 9781402006883 Издательство: Springer Рейтинг: Цена: 32522 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: In complementarity theory, which is a relatively new domain of applied mathematics, several kinds of mathematical models and problems related to the study of equilibrium are considered from the point of view of physics as well as economics. In this book the authors have combined complementarity theory, equilibrium of economical systems, and efficiency in Pareto's sense. The authors discuss the use of complementarity theory in the study of equilibrium of economic systems and present results they have obtained. In addition the authors present several new results in complementarity theory and several numerical methods for solving complementarity problems associated with the study of economic equilibrium. The most important notions of Pareto efficiency are also presented. Audience: Researchers and graduate students interested in complementarity theory, in economics, in optimization, and in applied mathematics.
Описание: The purpose of General Equilibrium Foundations of Finance is to give a sound economic foundation of finance based on the general equilibrium model with incomplete markets which embodies the famous CAPM as an important special case. This goal is achieved by giving reasonable restrictions on the agents' characteristics that lead to a well determined financial markets model having a unique competitive equilibrium. The innovation of this book is to transfer and to extend the theoretical results on the structure of competitive equilibria into the modern context of incomplete financial markets. General Equilibrium Foundations of Finance should be easily accessible by advanced Ph.D. students as well as by theorists of any subfield of mathematical economics. It should be interesting both for theorists who are looking for possible applications of rigorous theorizing as well as for practitioners who seek for a theoretical foundation of fruitful applications of financial markets' models.
Описание: The authors present a new formal framework for finding the long-run competitive market equilibrium through short-run equilibria by exploiting the operating policies and plant valuations. This “short-run approach” develops ideas of Boiteux and Koopmans. Applied to the peak-load pricing of electricity generated by thermal, hydro and pumped-storage plants, it gives a sound and practical method of valuing the fixed assets—in this case, the river flows and the geological sites suitable for reservoirs. Its main mathematical basis is the producer’s short-run profit maximization programme and its dual; their solutions have relatively simple forms that can greatly ease the fixed-point problem of solving for the general equilibrium. Since the optimal values (profit and cost functions) are usually nondifferentiable—this is so when there are joint costs of production such as capacity constraints—nonsmooth calculus is employed to resolve long-standing discrepancies between textbook theory and industrial reality by giving subdifferential extensions of basic results of microeconomics, including the Wong-Viner Envelope Theorem.
Описание: In the area of dynamic economics, David Cass' 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' students and co-authors.
Описание: For almost two decades this has been the classical textbook on applications of operator algebra theory to quantum statistical physics. It describes the general structure of equilibrium states, the KMS-condition and stability, quantum spin systems and continuous systems.Major changes in the new edition relate to Bose--Einstein condensation, the dynamics of the X-Y model and questions on phase transitions. Notes and remarks have been considerably augmented.
Автор: Burkhard Heer Название: Dynamic General Equilibrium Modeling ISBN: 364203148X ISBN-13(EAN): 9783642031489 Издательство: Springer Рейтинг: Цена: 11136 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. A wide variety of mathematical tools are needed to solve these models. This book presents methods used to compute the dynamics of general equilibrium models.
Описание: This text is intended for postgraduate students of economics, teachers, and researchers of macroeconomics and development economics, and policy-makers and deals with a financial equilibrium model in the Indian context.
Описание: This book presents a historical investigation of the theoretical development of contemporary Equilibrium Business Cycle Theory (EBCT). The author examines the central features of the EBCT by tracing both the history of business cycle theory and the history of econometrics. These historical analyses make clear two central principles of the EBCT: its optimization foundation and its economic strategy. Following along these lines, the author argues that the EBCT succeeds the tradition of the Austrian cycle theory that attempted to incorporate the cycle with classical equilibrium doctrine. He further argues that the EBCT's econometric strategy is only a child of the Cowles commission method. Presenting a fresh viewpoint of interwar macroeconomics in very readable style, this book brings the period back into the heart of macroeconomic thinking today.
Описание: The research of Soviet scientists within the field of game theory, starting around 1965 under the supervision of N. N. Vorob'ev, one of the leading experts in
the field, has resulted in many high-level publications.
The purpose of this book is to report about the highly qualified research by Russian game theorists during the two
decades 1968 - 1988 to the international readership. The book contains a collection of contributions in game theory and the related field of equilibrium theory which never had been
published in English before. A short historical survey about the development of game theory in the USSR before 1990 is given in the introduction.
Описание: This text explains and demystifies modern investment theory as applied by one of Wall Street`s elite investment banks, Goldman Sachs. The book travels from modern portfolio theory and capital asset pricing to more contemporary issues such as strategic asset allocation, risk budgeting.
Описание: Kirill Illinski offers the financial community a literary insight into what could become a different method for pricing financial assets: the application of contemporary physics techniques into the world of finance.
Автор: Gene F. Mazenko Название: Equilibrium Statistical Mechanics ISBN: 0471328391 ISBN-13(EAN): 9780471328391 Издательство: Wiley Цена: 11244 р. Наличие на складе: Поставка под заказ.
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