Theory of Technical Change and Economic Invariance

Released on by Ryuzo Sato
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  • Theory of Technical Change and Economic Invariance Book Detail

  • Author : Ryuzo Sato
  • Release Date : 2014-05-10
  • Publisher : Academic Press
  • Genre : Business & Economics
  • Pages : 458
  • ISBN 13 : 148327649X
  • File Size : 76,76 MB
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Theory of Technical Change and Economic Invariance by Ryuzo Sato PDF Summary

Book Description: Theory of Technical Change and Economic Invariance: Application of Lie Groups presents the economic invariance problems observable behavior under general transformations such as taste change or technical change. This book covers a variety of topics in economic theory, ranging from the analysis of production functions to the general recoverability problem of optimal dynamic behavior. Organized into nine chapters, this book begins with an overview of the theory of observable behavior by analyzing the invariant relationships among economic variables. This text then examines the Lie group theory which provides one of the most efficient methods of studying invariance properties. Other chapters consider the analysis of exogenous technical change, a process partly due to dynamic market forces of supply and demand. This book discusses as well the topics closely related to parametric changes under Lie groups and related transformations. The final chapter deals with mathematical foundations of the theory of observable market behavior. This book is a valuable resource for economists.

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Symmetry and Economic Invariance

Symmetry and Economic Invariance

File Size : 37,37 MB
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Symmetry and Economic Invariance (second enhanced edition) explores how the symmetry and invariance of economic models can provide insights into their propertie