Symmetry and Economic Invariance

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 mode...

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Bibliographic Details
Main Authors: Sato, Ryuzo, Ramachandran, Rama V. (Author)
Format: eBook
Language:English
Published: Tokyo Springer Japan 2014, 2014
Edition:2nd ed. 2014
Series:Advances in Japanese Business and Economics
Subjects:
Online Access:
Collection: Springer eBooks 2005- - Collection details see MPG.ReNa
Description
Summary: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
Physical Description:XII, 273 p. 44 illus online resource
ISBN:9784431544302