Monographs in Mathematical Economics - Böcker

It also covers some advanced frameworks such as repeated games with non-simultaneous moves, repeated games with overlapping generations, global games, and voluntarily separable repeated prisoner’s dilemma, so that readers familiar with basic game theory can expand their knowledge.

It also covers some advanced frameworks such as repeated games with non-simultaneous moves, repeated games with overlapping generations, global games, and voluntarily separable repeated prisoner’s dilemma, so that readers familiar with basic game theory can expand their knowledge.

This is the first monograph that discusses in detail the interactions between Fourier analysis and dynamic economic theories, in particular, business cycles.Many economic theories have analyzed cyclical behaviors of economic variables.

Then, it follows a discussion of discrete-time martingales, continuous time square integrable martingales (particularly, continuous martingales of continuous paths), stochastic integrations with respect to continuous local martingales, and stochastic differential equations driven by Brownian motions.

Then, it follows a discussion of discrete-time martingales, continuous time square integrable martingales (particularly, continuous martingales of continuous paths), stochastic integrations with respect to continuous local martingales, and stochastic differential equations driven by Brownian motions.

This book is devoted to the study of classes of optimal control problems arising in economic growth theory, related to the Robinson–Solow–Srinivasan (RSS) model. Chapter 1 discusses turnpike properties for some optimal control problems that are known in the literature, including problems corresponding to the RSS model.

This book is devoted to the study of classes of optimal control problems arising in economic growth theory, related to the Robinson–Solow–Srinivasan (RSS) model. Chapter 1 discusses turnpike properties for some optimal control problems that are known in the literature, including problems corresponding to the RSS model.

This book is devoted to the study of two large classes of discrete-time optimal control problems arising in mathematical economics. The stability of the turnpike phenomenon under small perturbations of the objective functions is established in Chap.

This book is devoted to the study of two large classes of discrete-time optimal control problems arising in mathematical economics. Nonautonomous optimal control problems of the first class are determined by a sequence of objective functions and sequence of constraint maps. They correspond to a general model of economic growth. We are interested in turnpike properties of approximate solutions and in the stability of the turnpike phenomenon under small perturbations of objective functions and constraint maps. The second class of autonomous optimal control problems  corresponds to another general class of models of economic dynamics which  includes the Robinson–Solow–Srinivasan  model as a particular case. In Chap. 1 we discuss turnpike properties for a large class  of discrete-time optimal control problems studied in the literature and for the Robinson–Solow–Srinivasan model. In Chap. 2 we introduce the first class of optimal control problems and study its turnpike property. This class of problems is also discussed in Chaps. 3–6. In Chap. 3 we study the stability of the turnpike phenomenon under small perturbations of the objective functions. Analogous results for problems with discounting are considered in Chap. 4. In Chap. 5 we study the stability of the turnpike phenomenon under small perturbations of the objective functions and the constraint maps. Analogous results for problems with discounting are established in Chap. 6. The results of Chaps. 5 and 6 are new. The second class of problems is studied in Chaps. 7–9. In Chap. 7 we study the turnpike properties.  The stability of the turnpike phenomenon under small perturbations of the objective functions is established in Chap. 8. In  Chap. 9 we establish the stability of the turnpike phenomenon under small perturbations of the objective functions and the constraint maps. The results of Chaps. 8 and 9 are new. In Chap. 10 we study optimal control problems related to a model of knowledge-based endogenous economic growth and show  the existence of trajectories of unbounded economic growth and provide estimates for the growth rate.

This research book, dedicated to Professor David Gale on his 100th birthday, compiles significant new findings by renowned experts in mathematical economics related to Gale's work. The book is divided into three parts labelled as: "Economies and Games," "Economic Dynamics and Growth," and "Matching, Contracts, and Finance."  These parts are introduced by the two surviving editors in an exploratory attempt to answer the question “Who is David Gale?” The first part contains 9 chapters covering topics such as visibility design in network games, repeated games with tail-measurable payoffs, the existence of calibrated forecasts via the minimax theorem, revealed preference theory, the problem of obtaining permission when options partially ordered, an alternative proof for the existence of Haar measures on locally compact topological groups, equilibria of nonlinear production-consumption models, systemic risk in financial networks, and coalitional transferable utility extensions of the Gale–Mas–Colell economy.The second part contains 7 chapters discussing topics like a generalization of the Pontryagin maximum principle in infinite horizon models, the Robinson–Shinkai–Leontief optimal growth model, dynamic CES production functions with a continuum of vintages of capital inputs across varying substitution elasticities, a two-country dynamic model, static and dynamic equilibrium in the Walrasian tradition, duality theorems in linear programming, and the turnpike phenomenon in the generalized von Neumann–Gale model.The third part comprises 4 chapters exploring the relationship between stable and weakly setwise stable outcomes in many-to-many matching with contracts, a version of Gale and Shapley’s marriage market with a continuum of agents, the existence of stable contract systems between two complementary groups (e.g., workers and firms), and the general notions of upper and lower variances, initially introduced by Peter Walley for bounded random variables.

This book presents a rigorous formulation of the general equilibrium model in economies with topological and measurable mathematical structures. It aims to provide basic tools and analytical methods for advanced graduate students and researchers interested in microeconomic theory and game theory. It is based on lecture notes distributed among advanced graduate students in the advanced mathematical economics course at the Ph.D. level. The book presents a unified treatment of the general equilibrium analysis of economies with perfectly competitive markets based on the Walrasian model. It is divided into Part I and Part II. The mathematical analysis of general equilibrium in perfectly competitive economies begins in Part II. As a mathematical preparation for Part II for most economics students, Part I collects some basic mathematical concepts and facts that are later needed and used in the theoretical economic analysis. Some readers may wish to start the book from Part II and refer back to Part I whenever it is necessary to review mathematical concepts and related well-known mathematical results referred to in the text.The presentation of theoretical economic analysis of general equilibrium theory in Part II is organized chapter by chapter: Basic Concepts of Equilibrium Analysis, Mathematical Structure on the Space of Economic Agents’ Characteristics, Individual Demands, Economies with a Measure Space of Consumers, Walrasian Equilibria of Economies, Production Economies, and Edgeworth Equilibria as the Core of Economies. The mathematical analysis in this book uses topological and measurable structures that are essentially built into the model to provide an appropriate means of expressing the characteristics of economic agents that form a basic part of economies along with commodities in market transactions and market prices for valuation in markets.

This volume is devoted to a reappraisal of the Marginal Revolution on the occasion of its 150th anniversary. The year 1871 should be remembered as one of the most important turning points in the history of economics.