Convexity in economics is included in the JEL classification codes as JEL: C65 Convexity is a geometric property with a variety of applications in economics...
33 KB (3,085 words) - 05:34, 2 November 2024
Non-convexity (economics) is included in the JEL classification codes as JEL: C65 In economics, non-convexity refers to violations of the convexity assumptions...
41 KB (4,096 words) - 03:10, 30 July 2024
Convex hull (section Economics)
polyhedral combinatorics. In economics, convex hulls can be used to apply methods of convexity in economics to non-convex markets. In geometric modeling, the...
61 KB (7,161 words) - 05:35, 2 November 2024
Harold Hotelling (section Non-convexities)
non-convexity in economics. In economics, non-convexity refers to violations of the convexity assumptions of elementary economics. Basic economics textbooks...
31 KB (3,123 words) - 08:17, 13 September 2024
In finance, bond convexity is a measure of the non-linear relationship of bond prices to changes in interest rates, and is defined as the second derivative...
16 KB (2,090 words) - 17:43, 27 February 2024
theorems of welfare economics. The first states that in economic equilibrium, a set of complete markets, with complete information, and in perfect competition...
35 KB (5,579 words) - 00:17, 4 September 2024
Under convexity assumptions or under some marginal-cost pricing rules, each equilibrium will be Pareto efficient: In large economies, non-convexity also...
30 KB (2,950 words) - 19:29, 8 November 2024
Convex set (redirect from Convexity (mathematics))
and t in the interval [0, 1]. This implies that convexity is invariant under affine transformations. Further, it implies that a convex set in a real...
25 KB (3,068 words) - 21:18, 3 October 2024
portal Convexity in economics – Significant topic in economics Greedy algorithm – Sequence of locally optimal choices Non-convexity (economics) – Violations...
61 KB (9,265 words) - 17:23, 3 August 2024
Arrow–Debreu model (category 1954 in economic history)
In mathematical economics, the Arrow–Debreu model is a theoretical general equilibrium model. It posits that under certain economic assumptions (convex...
57 KB (9,203 words) - 23:29, 9 November 2024
This is a list of convexity topics, by Wikipedia page. Alpha blending - the process of combining a translucent foreground color with a background color...
8 KB (1,173 words) - 23:55, 16 April 2024
Convexity in economics – Significant topic in economics Non-convexity (economics) – Violations of the convexity assumptions of elementary economics List...
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and in the theory of market failures and of public economics. Although generally (assuming convexity) an equilibrium will exist and will be efficient,...
49 KB (6,061 words) - 23:41, 24 September 2024
society. The principles of welfare economics are often used to inform public economics, which focuses on the ways in which government intervention can...
30 KB (2,978 words) - 14:21, 19 November 2024
Edgeworth box (category Eponyms in economics)
definition without assuming convexity in the proof (the first fundamental theorem of welfare economics being an example). In some economies there will be...
28 KB (4,001 words) - 16:36, 4 February 2024
Marginal rate of substitution (category Articles lacking in-text citations from November 2023)
In economics, the marginal rate of substitution (MRS) is the rate at which a consumer can give up some amount of one good in exchange for another good...
8 KB (1,503 words) - 15:33, 4 November 2023
economics. convergence The hypothesis that poorer economies' per capita incomes will tend to grow at faster rates than richer economies. convexity In...
229 KB (25,431 words) - 07:31, 24 November 2024
Quasiconvex function (category Generalized convexity)
said to be quasiconcave. Quasiconvexity is a more general property than convexity in that all convex functions are also quasiconvex, but not all quasiconvex...
12 KB (1,448 words) - 16:26, 16 September 2024
Shapley–Folkman lemma (category Theorems in geometry)
analysis and convexity with applications to economics". In Arrow, Kenneth Joseph; Intriligator, Michael D. (eds.). Handbook of mathematical economics. Handbooks...
83 KB (10,202 words) - 22:30, 5 November 2024
Lawrence E. Blume (category Washington University in St. Louis alumni)
Economics, to which he contributed several articles on mathematical economics: Convexity, convex programming, and duality. Currently he is the associate editor...
4 KB (316 words) - 03:59, 10 February 2023
Convex preferences (redirect from Convexity of preferences)
In economics, convex preferences are an individual's ordering of various outcomes, typically with regard to the amounts of various goods consumed, with...
7 KB (1,195 words) - 10:35, 5 October 2023
Utility (redirect from Utility (economics))
In economics, utility is a measure of the satisfaction that a certain person has from a certain state of the world. Over time, the term has been used in...
34 KB (4,576 words) - 00:29, 17 October 2024
Prospect theory (category Behavioral economics)
in contradiction with the expected utility theory, which only considers choices with the maximum utility. Also, the concavity for gains and convexity...
45 KB (6,446 words) - 06:59, 19 November 2024
In economics, and in other social sciences, preference refers to an order by which an agent, while in search of an "optimal choice", ranks alternatives...
36 KB (4,772 words) - 05:17, 2 April 2024
duration, and, additionally, by its convexity. Duration is a linear measure of how the price of a bond changes in response to interest rate changes. It...
18 KB (2,483 words) - 08:07, 17 July 2024
Marginalism (category Theory of value (economics))
Marginalism is a theory of economics that attempts to explain the discrepancy in the value of goods and services by reference to their secondary, or marginal...
48 KB (6,507 words) - 21:36, 8 November 2024
Market economy (redirect from Market economics)
efficient markets require that there be no non-convexities, even though nonconvexities are pervasive in modern economies. Stiglitz's critique applies to...
55 KB (6,522 words) - 17:16, 28 September 2024
Constant elasticity of substitution (category Production economics)
specification of many production functions and utility functions in neoclassical economics. CES holds that the ability to substitute one input factor with...
12 KB (1,681 words) - 13:18, 11 October 2024
Brouwer fixed-point theorem (category Theorems in topology)
does have a fixed point for the closed interval [−1,1], namely f(1) = 1. Convexity is not strictly necessary for Brouwer's fixed-point theorem. Because the...
61 KB (8,376 words) - 14:37, 17 November 2024