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9780226278841

Theory of Linear Economic Models
Theory of Linear Economic Models
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  • ISBN-13: 9780226278841
  • ISBN: 0226278840
  • Publication Date:
  • Publisher: University of Chicago Press

AUTHOR

SUMMARY

In the past few decades, methods of linear algebra have become central to economic analysis, replacing older tools such as the calculus. David Gale has provided the first complete and lucid treatment of important topics in mathematical economics which can be analyzed by linear models. This self-contained work requires few mathematical prerequisites and provides all necessary groundwork in the first few chapters. After introducing basic geometric concepts of vectors and vector spaces, Gale proceeds to give the main theorems on linear inequalitiestheorems underpinning the theory of games, linear programming, and the Neumann model of growth. He then explores such subjects as linear programming; the theory of two-person games; static and dynamic theories of linear exchange models, including problems of equilibrium prices and dynamic stability; and methods of play, optimal strategies, and solutions of matrix games. This book should prove an invaluable reference source and text for mathematicians, engineers, economists, and those in many related areas.Gale, David is the author of 'Theory of Linear Economic Models', published 1989 under ISBN 9780226278841 and ISBN 0226278840.

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