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Advances in economics and optimization: Collected scientific studies dedicated to the memory of L.V. Kantorovich
Date Issued
2014
Publisher
New York: Nova Science Publishers
Series/Report no.
Economic issues, problems and perspectives;
ISBN
9781631170737
Citation
Yeung, W. K. D., Petrosyan, L. A. & Romanovsky, J. V. (eds.) (2014). Advances in economics and optimization: Collected scientific studies dedicated to the memory of L.V. Kantorovich. New York: Nova Science Publishers.
Description
278 pages
Economics is a science that studies human behaviors as a relationship between ends and scarce means which have alternative uses. Since economic resources are scarce, optimization forms an integral part in the study of economics. In addition, in the presence of imperfect market structure, externalities, imperfect information or public goods, the market fails to provide an efficient allocation mechanism. Optimization of economic activities provides an effective remedial measure for market failures.
Economics is a science that studies human behaviors as a relationship between ends and scarce means which have alternative uses. Since economic resources are scarce, optimization forms an integral part in the study of economics. In addition, in the presence of imperfect market structure, externalities, imperfect information or public goods, the market fails to provide an efficient allocation mechanism. Optimization of economic activities provides an effective remedial measure for market failures.
Type
Edited Book
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