num_pages: 610
description: This volume presents an introduction to conventional fields of mathematical economy, particularly those concerned with systems of economic elements. A specific analysis is made of various economic mechanisms, from very straightforward to highly sophisticated, both in static and dynamic functioning of the system. Management of a particular kind of variable ("pure" mechanisms) as well as of several kinds of variables ("mixed" mechanisms) is discussed. Every mechanism is first described in detail and then the behavior of a system with this mechanism is analyzed for feasibility of equilibrium and efficiency, both in static and dynamic cases. The first part of the book initially takes up two kinds of situations - price and nonprice coordination mechanisms. The second part concentrates on the dynamic states of an economic system, in particular a production system. The book will be useful to both those who have just begun their training in mathematical economy, notably under- and post-graduate students, and to managers of socio-economic systems who are interested in a different view of economic issues and the related mathematical tools.
language: English
title: Mathematical Economic Theory: Pure and Mixed Types of Economic Mechanisms
titlecomplete: Mathematical Economic Theory: Pure and Mixed Types of Economic Mechanisms (Advanced Textbooks in Economics)
ratings_count: 3
publisher: North Holland