Search results for "Mathematical Economics"
showing 10 items of 240 documents
Applied Intertemporal Optimization
2009
This textbook provides all tools required to easily solve intertemporal optimization problems in economics, finance, business administration and related disciplines. The focus of this textbook is on 'learning through examples' and gives a very quick access to all methods required by an undergraduate student, a PhD student and an experienced researcher who wants to explore new fields or confirm existing knowledge. Given that discrete and continuous time problems are given equal attention, insights gained in one area can be used for learning solutions methods more quickly in other contexts. This step-by-step approach is especially useful for the transition from deterministic to stochastic wor…
Foundations for the formalization of metamathematics and axiomatizations of consequence theories
2004
Abstract This paper deals with Tarski's first axiomatic presentations of the syntax of deductive system. Andrzej Grzegorczyk's significant results which laid the foundations for the formalization of metalogic, are touched upon briefly. The results relate to Tarski's theory of concatenation, also called the theory of strings, and to Tarski's ideas on the formalization of metamathematics. There is a short mention of author's research in the field. The main part of the paper surveys research on the theory of deductive systems initiated by Tarski, in particular research on (i) the axiomatization of the general notion of consequence operation, (ii) axiom systems for the theories of classic conse…
Measuring autonomy freedom
2006
In the measurement of autonomy freedom, the admissible potential preference relations are elicited by means of the concept of ‘reasonableness’. In this paper we argue for an alternative criterion based on information about the decision maker’s ‘awareness’ of his available opportunities. We argue that such an inter- pretation of autonomy fares better than that based on reasonableness. We then introduce some axioms that capture this intuition and study their logical impli- cations. In the process, a new measure of autonomy freedom is characterized, which generalizes some of the measures so far constructed in the literature.
True V or not True V, That is the Question
2016
In this paper we intend to argue that: (1) the question `True V or not True V' is central to both the philosophical and mathematical investigations of the foundations of mathematics; (2) when posed within a framework in which set theory is seen as a science of objects, the question `True V or not True V' generates a dilemma each horn of which turns out to be unacceptable; (3) a plausible way out of the dilemma mentioned at (2) is provided by an approach to set theory according to which this is considered to be a science of structures.
Weights and Pure Nori Motives
2017
In this chapter, we explain how Nori motives relate to other categories of motives. By the work of Harrer, the realisation functor from geometric motives to absolute Hodge motives factors via Nori motives. We then use this in order to establish the existence of a weight filtration on Nori motives with rational coefficients. The category of pure Nori motives turns out to be equivalent to Andre’s category of motives via motivated cycles.
A theory of spatial general equilibrium in a fuzzy economy
1984
Let an economic space be characterized by the existence of a given distribution of locations, i.e. consumers' residential locations and producers' plants. It is equipped with a system of prices. The economy is fuzzy because the economic behaviors of agents are imprecise. In this context, spatial partial equilibria theories are applications of a fuzzy economic calculation model. The aim of the present paper is to study the conditions which must be fulfilled in order that the compatibility of consumers' equilibria and producers' equilibria be verified. Mathematical tools are Butnariu's theorems which extend the Brouwer's and Kakutani's theorems to the cases of fuzzy functions and fuzzy point-…
THE SHAPLEY-SOLIDARITY VALUE FOR GAMES WITH A COALITION STRUCTURE
2013
A value for games with a coalition structure is introduced, where the rules guiding cooperation among the members of the same coalition are different from the interaction rules among coalitions. In particular, players inside a coalition exhibit a greater degree of solidarity than they are willing to use with players outside their coalition. The Shapley value is therefore used to compute the aggregate payoffs for the coalitions, and the solidarity value to obtain the payoffs for the players inside each coalition.
Stackelberg-Walras and Cournot-Walras equilibria in mixed markets: a comparison
2012
In this note, we compare two strategic general equilibrium concepts: the Stackelberg-Walras equilibrium and the Cournot-Walras equilibrium. We thus consider a market exchange economy embodying atoms and a continuum of traders. It is shown that, when the preferences of the small traders are represented by Cobb-Douglas utility functions, the Stackel-berg-Walras and the Cournot-Walras equilibria can coincide only if 1) the endowments and preferences of atoms are identical and 2) the elasticity of the followers’ best response functions are equal to zero in equilibrium.
Finiteness in a Minimalist Foundation
2008
We analyze the concepts of finite set and finite subset from the perspective of a minimalist foundational theory which has recently been introduced by Maria Emilia Maietti and the second author. The main feature of that theory and, as a consequence, of our approach is compatibility with other foundational theories such as Zermelo-Fraenkel set theory, Martin-Lof's intuitionistic Type Theory, topos theory, Aczel's CZF, Coquand's Calculus of Constructions. This compatibility forces our arguments to be constructive in a strong sense: no use is made of powerful principles such as the axiom of choice, the power-set axiom, the law of the excluded middle.
Three Wives Problem and Shapley Value
2014
We examine the Talmudic three wives problem, which is a generalization of the Talmudic contested garment problem solved by Aumann and Maschler (1985) using coalitional procedure. This problem has many practical applications. In an attempt to unify all Talmudic methods, Guiasu (2010, 2011) asserts that it can be explained in terms of “run-to-the-bank”, that is, of Shapley value in a “cumulative game”. It can be challenged because the coalitional procedure yields the same result as the nucleolus, which corresponds to a “dual game”. As Guiasu’s solution is paradoxical (it has all the appearances of truth), my contribution consists in explaining the concepts, particularly truncation, that play …