On the subdifferential of the value function in economic optimization problems

Article Abstract:

A unified approach to determine conditions for the existence of a subgradient of the value function in relation to optimizations problems is presented. Using different multipliers applicable to different models such as general equilibrium and convex optimization, the conditions that achieve non-emptiness of the subdifferential of the value function are determined. Two results of the nondifferential of the value function are given, one is supported by a known theorem and the other has no assumed continuity of the objective function.

Econometrics, Mathematical optimization, Optimization theory, Value (Economics)

---

On the objective of firms under uncertainty with stock markets

Article Abstract:

The methodology initiated by Dreze has a natural extension, which means that the firms are asked to satisfy a first-order necessary condition of profit maximization with respect to the Dreze's prices and is extended to define the behavior of the firms in a multi-period, multi-commodity economy with stock market. The first-order necessary conditions for a constrained Pareto optimal allocation are also exhibited.

Forecasts, trends, outlooks, Profit Sharing, Analysis, Forecasts and trends, Economic conditions, Market trend/market analysis, Stock markets, Stock market

---

Existence of equilibria in the presence of increasing returns: a synthesis

Article Abstract:

An analysis of equilibrium conditions under an increasing return setting is presented. The analysis considers two theories which are based on non-convex production sets. The first theory highlights the marginal pricing rule while the second theory follows general pricing with bounded loss. It is shown that an integration of the two approaches may be possible based on exixtence conditions.

Equilibrium (Economics)

Similar abstracts:

• Abstracts: On the revelation of private information in stock market economies. The graphs of the Walras correspondence: the production economies case
• Abstracts: On the interpretation of the Nash bargaining solution and its extension to non-expected utility preferences. Consistent solutions in atomless economies
• Abstracts: The maximum and minimum of primary forecasts. The uses and abuses of 'consensus' forecasts
• Abstracts: Existence and upper hemicontinuity of equilibrium distributions of anonymous games with discontinuous payoffs
• Abstracts: An assessment of the relative importance of real interest rates, inflation, and term premiums in determining the prices of real and nominal U.K. bonds

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.