Symmetry and Economic Invariance [electronic resource] / by Ryuzo Sato, Rama V. Ramachandran.

By:

Sato, Ryuzo [author.]

Contributor(s):

Material type: Text

TextSeries: Advances in Japanese Business and Economics ; 1Publication details: Tokyo : Springer Japan : Imprint: Springer, 2014.Edition: 2nd enhanced ed. 2014Description: XII, 273 p. 44 illus. online resourceContent type:

text

Media type:

computer

Carrier type:

online resource

ISBN:

9784431544302

Subject(s):

Additional physical formats: Printed edition:: No titleDDC classification:

330.1 23

LOC classification:

HB1-846.8

Online resources:

Click here to access online

In: Springer eBooksSummary: 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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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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