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In [[mathematical economics]], an '''isoelastic function''', sometimes '''constant elasticity ...=Simon |first=Carl P. |last2=Blume |first2=Lawrence |title=Mathematics for Economists |url=https://archive.org/details/mathematicsforec00simo_854 |url-access=lim ...

...0.2307/3003192 |url=https://www.jstor.org/stable/3003192}}</ref> and other economists such as [[Bengt Holmström]],<ref>{{cite journal |last1=Holmström |first1=Be == Mathematical formulation == ...

...ions Equilibria by [[Arthur Bowley]] in 1924<ref>Bowley, A. L. (1924). The Mathematical Groundwork of Economics, Oxford University Press.</ref> and [[Ragnar Frisch ...actual slope of the reaction function to be equal to the conjecture? Some economists argued that we could pin down the conjectures by a consistency condition, m ...

...rohoroglu-palgrave.pdf }}</ref> and as a result the focus of both academic economists and policy makers on economic [[stabilization policy]] rather than on long However, Lucas' conclusion is controversial. In particular, [[Keynesian]] economists typically argue that business cycles should not be understood as fluctuatio ...

...Demand System''' ('''AIDS''') is a consumer demand model used primarily by economists to study consumer behavior.<ref>''An Almost Ideal Demand System'', Angus De [[Category:Mathematical economics]] ...

...Scarf theorem''',{{r|chz}} crediting [[mathematical economics|mathematical economists]] David E. Bell and [[Herbert Scarf]], who both rediscovered it {{nowrap|in | publisher = American Mathematical Society ...

...iance on tools from [[graph theory]] that would have been less familiar to economists of the time.<ref name=courtois>{{cite journal |first1=Pierre |last1=Courtoi ...kovskii document that the tool became more widely used in the mid-2000s as economists became interested in increasingly [[complex systems]] in which players migh ...

{{Short description|Mathematical framework in economics}} In [[economics]], '''search and matching theory''' is a mathematical framework attempting to describe the formation of mutually beneficial relat ...

| known_for = Contributions to probability theory and mathematical finance ...[[Paris]]. She is considered one of the pioneers on the French school of [[mathematical finance]] and trained many engineers and scientists in this field. ...

...Fuller|first1=Dan|last2=Geide-Stevenson|first2=Doris|title=Consensus Among Economists – An Update|year=2014|journal=[[Journal of Economic Education|The Journal o ...ce needs to be added to and brought to bear on the main issue that divides economists into two groups. Hester does not quarrel with the relevance of our evidence ...

...13/314701/3/working_paper.pdf |series=Remaking Economics: Eminent Post-War Economists |date=2019 |doi=10.1057/978-1-137-56812-0_9 |last1=Demuynck |first1=Thomas ...

...of Employment, Interest and Money]]''. Keynes, contrary to the mainstream economists of his time, argued that capitalist economies were not inherently self-corr ...ribute to unemployment and introduces the Keynes effect. Chapter 20 covers mathematical groundwork for Chapter 21, which examines how changes in income from increa ...

== Mathematical statement == ...6382 |issn=1573-7187}}</ref> a position disputed by other philosophers and economists<ref name="Weymark">{{Citation |last=Weymark |first=John A. |title=A reconsi ...

{{JEL code|[[JEL classification codes#Mathematical and quantitative methods JEL: C Subcategories|C65]]}} By [[mathematical induction]], a set ''Q'' is convex if and only if every [[convex combinatio ...

...Diamond's model was of interest to [[New Keynesian economics|New Keynesian economists]] who saw it as potential source of [[coordination failure (economics)|coor ==Simple mathematical version of the model== ...

...le that [[Quantification (science)|quantifies]] any emergency based on a [[mathematical model]]. The scale can be tailored for use at any geographic level – city, == Emergency scale mathematical model == ...

...haviour or to [[Predictive modelling|predict]] future behaviours. Although economists are not typically interested in the specific causes of a person's preferenc ...elation|binary choices]] are directly observable, they instantly appeal to economists. The search for observables in microeconomics is taken even further by the ...

In the context of [[cardinal utility]], liberal economists postulate a '''law of diminishing marginal utility.''' This law states that ...iences can be a challenging and abstract task. To overcome this challenge, economists rely on the consent of '''revealed preferences,''' where they observe the c ...

{{Finance sidebar}}{{Short description|Application of mathematical and statistical methods in finance}} ...cial mathematics''', is a field of [[applied mathematics]], concerned with mathematical modeling in the [[Finance#Quantitative_finance|financial field]]. ...

...tive]] differences. An example of this can be found in the works of Soviet economists like [[Lev Gatovsky]], who sought to apply Marxist economic theory to the o ...cs.utoronto.ca/munro5/MARXECON.pdf |access-date=2007-08-23}}</ref> Marxian economists do not lean entirely upon the works of Marx and other widely known Marxists ...