Characterization of optima in smooth Pareto economic systems
dc.contributor.author | Simon, Carl P. | en_US |
dc.contributor.author | Titus, Charles J. | en_US |
dc.date.accessioned | 2006-04-07T16:37:09Z | |
dc.date.available | 2006-04-07T16:37:09Z | |
dc.date.issued | 1975 | en_US |
dc.identifier.citation | Simon, Carl P., Titus, Charles (1975)."Characterization of optima in smooth Pareto economic systems." Journal of Mathematical Economics 2(2): 297-330. <http://hdl.handle.net/2027.42/22045> | en_US |
dc.identifier.uri | http://www.sciencedirect.com/science/article/B6VBY-45FBVXH-T/2/6c2daaabeef2482064fcf659e2bb2e0c | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/22045 | |
dc.description.abstract | Simple techniques of calculus and geometry are used to study and characterize the optima of pure exchange economies in which the utility functions are smooth but not necessarily convex. It is also shown how one can reduce the problem of optimizing p functions on the manifold of states to that of maximizing a single function on a submanifold of this space. Two models are described: one in which a person cannot trade to an optimum unless he starts at one; and one in which a person cannot even get near a local Pareto optimum along continuous `trade curves' from most initial distributions. Finally, the set of optima is described for a generic set of utility mappings. | en_US |
dc.format.extent | 1829331 bytes | |
dc.format.extent | 3118 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.language.iso | en_US | |
dc.publisher | Elsevier | en_US |
dc.title | Characterization of optima in smooth Pareto economic systems | en_US |
dc.type | Article | en_US |
dc.rights.robots | IndexNoFollow | en_US |
dc.subject.hlbsecondlevel | Statistics and Numeric Data | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Social Sciences | en_US |
dc.subject.hlbtoplevel | Science | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.peerreviewed | Peer Reviewed | en_US |
dc.contributor.affiliationum | University of Michigan, Ann Arbor, Mich. 48103, USA | en_US |
dc.contributor.affiliationum | University of Michigan, Ann Arbor, Mich. 48103, USA | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/22045/1/0000463.pdf | en_US |
dc.identifier.doi | http://dx.doi.org/10.1016/0304-4068(75)90029-4 | en_US |
dc.identifier.source | Journal of Mathematical Economics | en_US |
dc.owningcollname | Interdisciplinary and Peer-Reviewed |
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