Symmetry And Economic Invariance

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    Symmetry and Economic Invariance
    By: Ryuzo Sato; Rama V. Ramachandran
    Publisher:
    Springer
    Print ISBN: 9784431544296, 4431544291
    eText ISBN: 9784431544302, 4431544305
    Edition: 2nd
    Copyright year: 2014
    Format: EPUB
    Available from $ 109.00 USD
    SKU 9784431544302
    Symmetry and Economic Invariance (second enhanced edition) explores how the symmetry and invariance of economic models can provide insights into their properties. Although the professional economist of today is adept at many of the mathematical techniques used in static and dynamic optimization models, group theory is still not among his or her repertoire of tools. The authors aim to show that group theoretic methods form a natural extension of the techniques commonly used in economics and that they can be easily mastered. Part I provides an introduction that minimizes prerequisites including prior knowledge of group theory. Part II discusses recent developments in the field.
     

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