This paper illustrates two types of pitfalls in using linearization methods. First, if constraints are linearized before deriving optimality conditions, the derived conditions are not correct up to first order. Second, even when the behavior of the economy is correct to the first order, applying...

The volume contains the proceedings of a conference in ma- thematical economics held at the California Institute of Technology, April 16-20, 1990.The theme of the conference was to explore the functional analytic techniques (and in particular the theory of Riesz spaces and positive opera- tors)...

This paper tries to promote the application of Omnia Mobilis assumption - everything is moving - into the economic modeling. The main objective of the Omnia Mobilis assumption is to help in the relaxation process of a large number of variables that the Ceteris Paribus assumption leave constant...

I started to read idly, and soon found myself hooked. An intelligent insider's thoughts on research strategies will do that to you.Robert M. Solow, Institute Professor of Economics, Emeritus, MIT, and Nobel Laureate in Economics (1987).