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The Theory of Linear Economic Models

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  • Gale, David
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    Abstract

    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 inequalities—theorems 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.

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    Bibliographic Info

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    This book is provided by University of Chicago Press in its series University of Chicago Press Economics Books with number 9780226278841 and published in 1989.

    Edition: 1
    ISBN: 9780226278841
    Order: http://press.uchicago.edu/ucp/books/book/isbn/9780226278841.html
    Handle: RePEc:ucp:bkecon:9780226278841

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    Web page: http://press.uchicago.edu

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    Cited by:
    1. Dirk Bergemann & Stephen Morris, 2008. "Robust Implementation in General Mechanisms," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University 1666R, Cowles Foundation for Research in Economics, Yale University, revised Jan 2010.

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