Games, Fixed Points and Mathematical Economics by Christian-Oliver Ewald, Andrew McLennan
English | May 1992 | ISBN: N/A | 134 Pages | PDF | 0.86 MB
One of the problems in economics that economists have devoted a considerable amount of attention in prevalent years has been to ensure consistency in the models they employ. Assuming markets to be generally in some state of equilibrium, it is asked under what circumstances such equilibrium is possible. The fundamental mathematical tools used to address this concern are fixed point theorems: the conditions under which sets of assumptions have a solution.