Extrema of Smooth Functions: With Examples from Economic Theory - Brossura

El-Hodiri, Mohamed A. A.

 
9783642767951: Extrema of Smooth Functions: With Examples from Economic Theory

Sinossi

This book presents a fairly complete account of the theory of optimization when both maximands and constraints are smooth functions of a finite number of variables. It also provides a rigorous introduction to variational problems and surveys the theory of infinite-dimensional optimization.

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Contenuti

I: Finite Dimensional Problems.- Chapter: No Major Constraints.- 1. Existence.- 2. First Order Necessary Conditions.- 3. Profit Maximizing Firms 1.- 4. First Order Sufficient Conditions.- 5. Second Order Necessary Conditions.- 6. Second Order Sufficient Conditions.- 7. Concavity, Second Order Conditions and Quadratic Forms.- 8. Profit Maximizing Firms 2.- 9. Non-negativity Constraints.- 10. Utility Maximizing Consumers 1.- 2: Equality Constraints.- 1. First Order Necessary Conditions.- 2. Utility Maximizing Consumers 2.- 3. First Order Sufficient Conditions.- 4. Second Order Necessary Conditions.- 5. Second Order Sufficient Conditions.- 6. Utility Maximizing Consumers 3.- 7. Cost Functions.- 8. Further Notes On Second Order Conditions.- 9. Notes On The Literature.- 3: Inequalities as Added Constraints.- 1. First Order Necessary Conditions.- 2. First Order Sufficient Conditions.- 3. Second Order Necessary Conditions.- 4. Second Order Sufficient Conditions.- 5. Notes On The Literature.- 4: Extensions and Applications.- 1. Relation To Saddle Value Problems.- 2. Extension To Vector Maxima.- 3. A Discrete Time Optimal Control Problem.- 4. Consumer’s Optimum, Once More.- 5. A Problem In Welfare Economics.- 6. Odds and Ends.- 7. More About Concavity And Its Generalizations.- 8. Notes On The Literature.- II: Variational Problems.- 5: The Problem of Bolza with Equality Constraints.- 1. Unconstrained Problem.- 2. Statement of The Problem of Bolza.- 3. First Order Necessary Conditions.- 4. Weierstrass And Second Order Necessary Conditions.- 5. Sufficient Conditions.- 6. Characterization For Problem A’.- 6: The Problem of Bolza with Equality-Inequality Constraints.- 1. Necessary Conditions.- 2. Sufficient Conditions.- 7: Extensions and Applications.- 1. An Optimal Control Problem.- 2. Extensions.- 3. Two Static Economic Examples.- 4. Investment Demand.- 5. Skilled Worker’s Pay.- Constrained Extrema of Differentiable Functionals, Asurvey.- 1. Introduction.- 2. Finite Dimensional Problems.- 3. A Variational Problem.- 4. A Problem In Topological Linear Spaces.- References.- Epilogue.

Product Description

Book by ElHodiri Mohamed A

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