Dynamic Consumer Theory: A Premier Treatise With Stochastic Dynamic Slutsky Equations

David Wing-kay Yeung

Published by Nova Science Pub Inc
ISBN 10: 1633217965 / ISBN 13: 9781633217966
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Num Pages: 121 pages. BIC Classification: KCA. Category: (UP) Postgraduate, Research & Scholarly. Dimension: 262 x 186 x 28. Weight in Grams: 882. . 2014. Hardcover. . . . . Books ship from the US and Ireland. Bookseller Inventory #

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Review: "I found this book as a pioneering and fundamental work of dynamic consumer theory. There is no other work which goes as deeply into this field than this book. It is not only an excellent reference of the field, but ... introduced many new developments and results, some of which were not published before. I think the stochastic, dynamic ex tensions of the classical Slutski equation are the most significant contributions to consumer theory. They open up a brand new way of economic thinking and modeling." - Ferenc Szidarovszky, Professor, University of Pecs, Applied Mathematics Department

"They open up a brand new way of economic thinking and modeling. The way these results were achieved can be further developed and applied to other similar areas suggesting a large field of future research to interested readers. I am also sure that the importance of this pioneering work will inspire many colleagues to select this area as their main research focus, so I am expecting many followers of the footsteps of Dr. Yeung." - Ferenc Szidarovszky

"This book is an outstanding reference of the deterministic, stochastic, static and dynamic model structures and their solution methodology. It also can serve as a textbook for at least four different graduate courses: dynamic programming, dynamic economic models, microeconomics and consumer theory. The logical, and well-structured development of the material, the precise mathematical derivations, the well explained economic content, make this book easily accessible to students and help them to understand even the most complex and advanced ideas." -Ferenc Szidarovszky

"the book is highly recommended to all students and educators in mathematics and economics and also to researchers who are interested in dynamic modeling, optimal control, microeconomics, and consumption theory. The mathematical methodology can be also applied in many fields of engineering, such as systems and control engineering, so engineers on these or on related areas can also benefit from this book." - Ferenc Szidarovszky

Excellent text in dynamic consumer theory;extends the static consumer theory into a much more realistic framework with inter-temporal&stochastic structures.The inter-temporal stochastic Roy's identities&stochastic dynamic Slutsky(-Yeung)equations shed substantial highlights in economic modeling.The chapter on discrete-time optimization provides many techniques which have never appeared in a textbook.The methodologies&analyses open up new research paths in consumer theory&decision sciences.A premier economics treatise&a very good reference text-Frank Xu,PhD in Industrial&Systems Engineering,HKU

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Title: Dynamic Consumer Theory: A Premier Treatise ...
Publisher: Nova Science Pub Inc
Book Condition: New

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Yeung, David Wing Kay (Editor)
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Book Description 2014. Hardcover. Book Condition: New. 262mm x 186mm x. Hardcover. This book is the first treatise on consumer theory in a dynamic framework. It expands the conventional static consumer theory into a stochastic dynamic framework accommodating.Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. 121 pages. 0.882. Bookseller Inventory # 9781633217966

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