DOCSLIB.ORG

Copyright 2012 Douglas Eugene Sturgeon

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Copyright 2012 Douglas Eugene Sturgeon Copyright 2012 Douglas Eugene Sturgeon ECONOMIC PERFORMANCE OF ARCHITECTURAL FIRMS: AN APPLICATION OF PRODUCTION THEORY BY DOUGLAS EUGENE STURGEON DISSERTATION Submitted in partial fulfillment of the requirements for the degree Doctor of Philosophy in Architecture with a minor in College Teaching in the Graduate College of the University of Illinois at Urbana-Champaign, 2012 Urbana, Illinois Doctoral Committee: Associate Professor Richard K. Strand, Chair Associate Professor Michael J. Andrejasich Associate Professor Michael T. McCulley Associate Professor Nicholas C. Petruzzi ABSTRACT This dissertation explores the application of production theory to architectural firms. The basis of production theory, upon which all else depends and emerges from, is the production function. The production function is simultaneously a mathematical representation of the arrangements of inputs necessary to the production of goods and services of a firm, and a conceptualization of the underlying production process. The key benefit of understanding and utilizing production functions stems from its centrality in cost minimizing and output maximizing techniques. Through the adoption of these optimization techniques architectural firms are afforded the means of improving their economic performance. In this dissertation the focus is upon the identification of the n-input single-output production function best suitable for empirical study of architecture firms and subsequent use in minimizing costs and maximizing output as pathways to improving economic performance. The maturation of production theory is largely a 20th century phenomena although its antecedents date from the 18th century. The historical development of production theory begins with Jacques Turgot and is advanced by such luminaries as Johann Heinreich von Thunen, Antoine Augustin Cournot, Herman Heinrich Gossen, William Stanley Jevons, John Bates Clark, and John Gustav Knut Wicksell among many others. The early historical period is brought to an end and the contemporary period born with the publication of A Theory of Production by Charles Cobb and Paul Douglas in which the production function bearing their names first appears. This dissertation provides a brief history of the early period and a more detailed account of the development of production functions, of the n-input single-output variety, as it played out in the balance of the 20th century. In the process, over 50 production functions and their variations are identified and characterized. A winnowing process was developed and applied that reduced this ii list to five candidate production functions. An abbreviated case study performed a statistical examination each of these forms concluding that the Cobb-Douglas and Leontief production functions presented the most viable choices for empirical study of architectural firms. iii To The Father, Son and Holy Spirit Without you I am nothing, But with you all things are possible. iv ACKNOWLEDGMENTS I owe a great debt of gratitude to the many people who played such an instrumental role in the success of this project. I thank those family and friends who were the greatest source of encouragement in the long days and dark nights of this journey. To my sister Deb, my friends Randy, Ruth, Mia, Michael, Birge, and Regenia, many thanks. To my pastor Brett, and fellow congregants Marc, Ashlee, Joel, Elizabeth, Michael, and Tammie, you are a blessing. I owe a special thanks to the faculty and students of the School of Architecture too numerous to mention; I single out my two mentors Professors Art Kaha and Michael Andrejasich, thank you for taking an interest in me and guiding my footsteps. I am deeply indebted to a group of unsung heroes of any research endeavor, the men and women who make the library system of the University of Illinois one of the premier libraries in the world, my deepest appreciation for the support you have provided. I wish to acknowledge the vast number of economists upon whose work this dissertation is built; without their theories this project would not be possible. Finally I wish to thank Dr. Richard Strand for being my advisor and dealing with my cantankerous nature, and the other members of my dissertation committee, Dr. Nicholas Petruzzi, and Professors Michael Andrejasich and Michael McCulley, thank you very much. Without all their help this project would never have been completed. For any and all errors in this dissertation I remain solely responsible. v Table of Contents CHAPTER 1: INTRODUCTION ................................................................................................1 Background .............................................................................................................................1 Objective .................................................................................................................................6 Chapter Outline .......................................................................................................................7 Relevancy Lost; Opportunities Missed ....................................................................................8 Financial Health of the Architectural Industry ....................................................................... 15 Cost Structure........................................................................................................................ 19 Alternative Methodologies for Computing Cost Structure ..................................................... 25 A General Note on Methodology ........................................................................................... 30 Plan of This Dissertation ....................................................................................................... 33 CHAPTER 2: HISTORY OF PRODUCTION THEORY .......................................................... 34 Introduction ........................................................................................................................... 34 Background ........................................................................................................................... 34 Nascent Neoclassical Economics ........................................................................................... 35 Forerunners of the Marginalist School ................................................................................... 37 Marginalist School ................................................................................................................ 41 Neoclassical School............................................................................................................... 44 Production Economics ........................................................................................................... 47 Overview of Applied Production Economics ......................................................................... 48 vi CHAPTER 3: PRODUCTION THEORY .................................................................................. 50 Introduction ........................................................................................................................... 50 Theory of the Firm ................................................................................................................ 53 Production Process ................................................................................................................ 55 Production Theory ................................................................................................................. 61 Optimization ......................................................................................................................... 86 CHAPTER 4: PRODUCTION FUNCTIONS ............................................................................ 97 Introduction ........................................................................................................................... 97 General Characteristics of Production Functions.................................................................. 100 Productions Functions ......................................................................................................... 104 Summary ............................................................................................................................. 137 CHAPTER 5: CHOICE OF FUNCTIONAL FORM ............................................................... 138 Introduction ......................................................................................................................... 138 Methodology ....................................................................................................................... 138 Winnowing the List ............................................................................................................. 144 Summary ............................................................................................................................. 148 CHAPTER 6: CASE STUDY ................................................................................................. 149 Introduction ......................................................................................................................... 149 Data .................................................................................................................................... 150 Analysis Methodology ........................................................................................................ 151 vii Analysis .............................................................................................................................
Load more

Recommended publications
  • Antoine-Augustine Cournot: His Duopoly Problem with a Re- Appraisal of His Duopoly Price and His Influence Upon Leon Alrw As
    University of Montana ScholarWorks at University of Montana Graduate Student Theses, Dissertations, & Professional Papers Graduate School 1968 Antoine-Augustine Cournot: His duopoly problem with a re- appraisal of his duopoly price and his influence upon Leon alrW as David M. Dodge The University of Montana Follow this and additional works at: https://scholarworks.umt.edu/etd Let us know how access to this document benefits ou.y Recommended Citation Dodge, David M., "Antoine-Augustine Cournot: His duopoly problem with a re-appraisal of his duopoly price and his influence upon Leon alrW as" (1968). Graduate Student Theses, Dissertations, & Professional Papers. 8753. https://scholarworks.umt.edu/etd/8753 This Thesis is brought to you for free and open access by the Graduate School at ScholarWorks at University of Montana. It has been accepted for inclusion in Graduate Student Theses, Dissertations, & Professional Papers by an authorized administrator of ScholarWorks at University of Montana. For more information, please contact [email protected]. Al'îTCINS-AUGUSTINE COÜRKOTi HIS DUOPOLY PROBLEM ra'IH A RS-APPPAI3AL OF HIS DUOPOLY PRICE AND HIS INFLUENCE UPON LEON WALRAS By David M. Dodge B.A. j, University of Montana, 1968 Presented in partial fulfillment of the requirements for the degree of Master of Arts UNIVERSITY OF MONTAÎSA 1968 Approved bys Cî^cii ZTOsn ard of Examiners Air X ] Date Reproduced with permission of the copyright owner. Further reproduction prohibited without permission. UMI Number: EP39554 All rights reserved INFORMATION TO ALL USERS The quality of this reproduction is dependent upon the quality of the copy submitted. In the unlikely event that the author did not send a complete manuscript and there are missing pages, these will be noted.
    [Show full text]
  • Intermediate Microeconomics
    Intermediate Microeconomics IMPERFECT COMPETITION BEN VAN KAMMEN, PHD PURDUE UNIVERSITY No, not the BCS Oligopoly: A market with few firms but more than one. Duopoly: A market with two firms. Cartel: Several firms collectively acting like a monopolist by charging a common price and dividing the monopoly profit among them. Imperfect Competition: A market in which firms compete but do not erode all profits. Perfect competition with only 2 firms Assume the following model: ◦ 2 firms that produce the same good (call the firms “Kemp’s Milk” and “Dean’s Milk”). ◦ They both have the same marginal cost (c), and it is constant (so constant AC, too). ◦ The Demand for their good is downward-sloping, but does not have to have a particular shape. ◦ The firms simultaneously choose their prices ( and ). ◦ The firm with the lower price captures the whole market, and the other firm gets nothing. ◦ If both firms set the same price, they split the market demand evenly. Bertrand competition The profit for each firm is given by: = , [ ] and = ( , )[ ]. Π − This model is calledΠ the Bertrand model− of Duopoly—after 19th Century economist, Joseph Louis Francois Bertrand. To find the equilibrium, however, we’re not going to use calculus—just reason. Equilibrium in the Bertrand model Say that you’re Kemp’s dairy. If Dean’s is charging any price that is greater than your own c, then you can choose from among three intervals for your own price: > , = , < . If you go with the first one, ≤ you get no sales because Dean’s undercut your price. If you go with the second one, you get: 1 , .
    [Show full text]
  • B21-2015 Memorial Resolution
    B21-2015 MEMORIAL RESOLUTION PROFESSOR EMERITUS IRVIN MILLMAN GROSSACK (April 25, 1927 – March 4, 2013) Professor Irvin Grossack was born in 1927 in the city of New York. After completing his secondary education at the Bronx High School of Science, he entered the City University of New York where he received a bachelors degree in economics in 1952. After graduation, he worked as a research assistant at the National Bureau of Economic Research in New York City (1954), as an Economic Statistician at the Bureau of the Census in Suitland, Maryland (1955-59) and as a Senior Economist at C.E.I.R., Inc. in Arlington, Virginia (1959-62). He completed his PhD in economics at Columbia University in 1962, and in the same year he moved with his young family to Bloomington, Indiana to join the Department of Business Economics and Public Policy at the Indiana University School of Business, where he taught until his retirement. On a leave of absence from IU, he spent three years (1966-68) in New Delhi, India as a Program Economist for the US-AID Mission (1966-68). Professor Grossack’s research centered in microeconomics and the history of economic thought. His best work was on industrial organization. Here is a selected sample of his most significant writing. In the “The Concept and Measurement of Permanent Industrial Organization” (Journal of Political Economy, 1972, 80:745-760), Grossack argues that the monopoly power of large firms should be judged by their ability to stop smaller firms from entering the market rather than by static and backward-looking measures of concentration.
    [Show full text]
  • Antoine Augustin Cournot: the Pioneer of Modern Economic Ideas
    Munich Personal RePEc Archive Antoine Augustin Cournot: The Pioneer of Modern Economic Ideas Hossain, Md. Mobarak and Chowdhury, Md Niaz Murshed University of Nevada, Reno, Department of Economics, 1664 N. Virginia Street, Reno, NV 89557, USA. 24 December 2018 Online at https://mpra.ub.uni-muenchen.de/90829/ MPRA Paper No. 90829, posted 31 Dec 2018 14:30 UTC Antoine Augustin Cournot: The Pioneer of Modern Economic Ideas Md. Mobarak Hossain 1 Md Niaz Murshed Chowdhury 2 Abstract Augustin Cournot, an unsung pioneer of many economic ideas during his time, who has written the book, Theory of Wealth, where he developed many economic ideas including the oligopoly theory, doupoly model, the ideas of function and probability into economic analysis. This paper discusses the way he thought the economics should be analyzed as well as his life cycle. Introduction Antoine Augustin Cournot (28 August 1801 – 31 March 1877) was a French philosopher and mathematician who also has great contribution to the development of economic theory [4]. His theories on monopolies and duopolies are still famous in economics. In 1838 the book Researches on the Mathematical Principles of the Theory of Wealth was published, in which he used the applications of the formulas and symbols of mathematics in economic analysis. This 1Corresponding address: University of Nevada, Reno, Department of Economics, 1664 N. Virginia Street, Reno, NV 89557, USA. Email: [email protected] 2University of Nevada, Reno, Department of Economics, 1664 N. Virginia Street, Reno, NV 89557, USA. book was highly criticized and not very successful during Cournot’s lifetime, and he did try to rewrite it twice, but it still has influence in economics today.
    [Show full text]
  • Considerations on the Fundamental Principles of Pure Political Economy
    Considerations on the Fundamental Principles of Pure Political Economy Considerations on the Fundamental Principles of Pure Political Economy (Considerazioni sui principi fondamentali dell’economia pura) was originally published as a series of five articles in the Giornale degli Economisti between May 1892 and October 1893. They were the first systematic representation of Vilfredo Pareto’s contribution to pure economics and their publication in this volume in English closes a serious gap in the knowledge of the work of one of the founders of modern economic science. In the book, Pareto deals with an impressively wide range of subjects including the nature and the limits of the new theories of marginalist econ- omics, the use of mathematics in economics, the problem of method and the hedonistic hypothesis, the concept of homo œconomicus and, last but not least, the concept of final degree of utility. These reflections make the Considerations an assessment of the state of the new economic theories expounded in a mathematical form at the beginning of the 1890s. These papers have exerted a great deal of influence in the sub- sequent development of economic theory. As such, the volume can be con- sidered required reading for all serious economists across the world. Roberto Marchionatti is Professor of Economics at the University of Torino, Italy. He has been a Visiting Scholar in Economics at New York University and at the University of Cambridge, UK. Fiorenzo Mornati is Assistant Professor of Economics at the University of Torino, Italy. He has been Assistant de Recherche at the University of Lausanne (Centre Walras-Pareto), Switzerland.
    [Show full text]
  • Marshallian Cross Diagrams and Their Uses Before Alfred Marshall: the Origins of Supply and Demand Geometry
    Marshallian Cross Diagrams and Their Uses before Alfred Marshall: The Origins of Supply and Demand Geometry ThonaasM. Humphrey And Karl Rau (184 l), Jules Dupuit (1844), Hans von Mangoldt (1863), and Fleeming Jenkin (1870) thor- Undoubtedly the simplest. and most frequently oughly developed it years before Marshall presented used tool of microeconomic analysis is the conven- it in his Pzm Theory of Domestic Vafues (1879) and tional partial equilibrium demand-and-supply-curve later in his Pnitciples of fionomics (1890). Far from diagram of the textbooks. Economics professors merely introducing the diagram, these writers applied and their students put the diagram to at least six it to derive many of the concepts and theories often main uses. They use it to depict the equilibrium or attributed to Marshall or his followers. The notions market-clearing price and quantity of any particular of price elasticity of demand and supply, of stability good or factor input. They employ it to show how of equilibrium, of the possibility of multiple equilibria, (Walrasian) price or (Marshallian) quantity adjust- of comparative statics analyses involving shifts in the ments ensure this equilibrium: the first by eliminating curves, of consumers’ and producers’ surplus, of con- excess supply and demand, the second by eradicating stant, increasing and decreasing costs, of pricing of disparities between supply price and demand price. joint and composite products, of potential benefits They use it to illustrate how parametric shifts in of price discrimination, of tax incidence analysis, of demand and supply curves induced by changes in deadweight-welfare-loss triangles and the allocative tastes, incomes, technology, factor prices, and prices inefficiency of monopoly: all find expression in of related goods operate to alter a good’s equilibrium early expositions of the diagram.
    [Show full text]
  • Notes and References
    Notes and References Note: The term 'loc. cit.' is used when a text has just been mentioned and the term 'op. cit.' is used when a text has been referenced some distance back. 1 The Classical Legacy 1. For a recent critical survey of classical trade theory, including the debate on the Corn Laws and the BuUionist and Banking/Currency school controversies, see Leonard Gomes, Foreign Trade and the National Economy: Mercantilist and Classical Perspectives (London: Macmillan, 1987) part II. Part I of the same book surveys the foreign trade doctrines of the mercantilists. 2. Joan Robinson, 'Reflections on the Theory of International Trade', in her Collected Economic Papers, vol. 5 (Oxford: Blackwell, 1979) p. 130. 2 Early Neoclassical Contributions 1. A. A. Cournot, Recherches sur les Principes Mathematiques de la Theorie des Richesses (Paris: Hachette, 1838). Translated by Nathaniel T. Bacon as Researches into the Mathematical Principles of the Theory of Wealth (London: Macmillan, 1897) p. 117. 2. Cournot's arithmetical example is in Principes, pp. 314-15. 3. See Edgeworth, 'The Theory of International Values', Economic Jour­ nal, 1894, p. 627. 4. Researches, p. 157. 5. Researches, p. 156. 6. Ibid. pp. 162-3. 7. The 1844 criticism was by Carl Heinrich Hagen, in his book, Die Nothwendigkeit der Handelsfreiheit fur das Nationaleinkommen, mathe- matisch nachgewiesen (Konigsberg, 1844) pp. 30-1. Samuelson praises Cournot's treatment of interspatial price equilibrium as being 'marvel­ lously modern and fruitful', but adds, 'his analysis of tariff protection appears to be ambiguous and of doubtful validity'. P. A. Samuelson, The Way of An Economist', in Paul Samuelson (ed.), International Economic Relations (London: Macmillan, 1969) p.
    [Show full text]
  • Charles S. Peirce, Economics, and Scientific Method
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Hoover, Kevin D.; Wible, James R. Working Paper Ricardian inference: Charles S. Peirce, economics, and scientific method CHOPE Working Paper, No. 2017-10 Provided in Cooperation with: Center for the History of Political Economy at Duke University Suggested Citation: Hoover, Kevin D.; Wible, James R. (2017) : Ricardian inference: Charles S. Peirce, economics, and scientific method, CHOPE Working Paper, No. 2017-10, Duke University, Center for the History of Political Economy (CHOPE), Durham, NC This Version is available at: http://hdl.handle.net/10419/172302 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu Ricardian Inference: Charles S. Peirce, Economics, and Scientific Method by Kevin D.
    [Show full text]
  • “Fred Schweppe Meets Marcel Boiteux and Antoine- Augustin Cournot: Transmission Constraints and Strategic Underinvestment in Electric Power Generation »
    IDEI-796 September 2013 “Fred Schweppe meets Marcel Boiteux and Antoine- Augustin Cournot: transmission constraints and strategic underinvestment in electric power generation » Thomas-Olivier Léautier 7 Fred Schweppe meets Marcel Boiteux and Antoine-Augustin Cournot: transmission constraints and strategic underinvestment in electric power generation Thomas-Olivier Léautier Toulouse School of Economics (IAE, IDEI, University of Toulouse) 21 allée de Brienne F31 000 Toulouse [email protected] and +33 6 33 34 60 68 September 19, 2013 Abstract This article examines imperfectly competitive investment in electric power generation in the presence of congestion on the transmission grid. Under simple yet realistic assumptions, it precisely derives the technology mix as a function of the capacity of the transmission interconnection. In particular, it …nds that, if the interconnection is congested in one direction only, the cumulative capacity is not a¤ected by the congestion, while the baseload capacity is simply the uncongested baseload capacity, weighted by the size of its domestic market, plus the interconnection capacity. If the interconnection is successively congested in both directions, the peaking capacity is the cumulative uncongested capacity, weighted by the size its domestic market, plus the capacity of the interconnection, while the baseload capacity is the solution of a simple …rst-order condition. The marginal value of interconnection capacity is shown to generalize the expression obtained under perfect competition. It includes both a short-term component, that captures the reduction in marginal cost from substituting cheaper for more expensive power, but also a long-term component, that captures the change in installed capacity. Finally, increasing interconnection is shown to have an ambiguous impact on producers’pro…ts.
    [Show full text]
  • Cournot in English
    Cournot in English Glenn Shafer Rutgers Business School [email protected] The Game-Theoretic Probability and Finance Project Working Paper #48 First posted April 16, 2017. Last revised January 1, 2018. Project web site: http://www.probabilityandfinance.com Abstract Trained as a mathematician, the French scholar Antoine Augustin Cournot (1801{1877) is remembered as a philosopher and economist. Unfortunately, his 1843 book on the philosophy of probability and statistics was never translated into English. Here I provide English translations of a few passages from Cournot's books. To provide context, I also quote a few earlier and later scholars. A complete translation of Cournot's 1843 book by Oscar Sheynin is available at http://sheynin.de/download/cournot.pdf. 1 Introduction 1 2 Before Cournot 2 2.1 Jacob Bernoulli (1655{1705) . .2 2.2 David Hume (1711{1776) . .4 2.3 Pierre Simon Laplace (1749{1827) . .4 3 Passages from Cournot 5 3.1 Cournot's principle . .6 3.2 Multiple testing . .7 3.3 Cournot's superior intelligence . .9 3.4 Independent causal chains . 11 3.5 Bernoulli and Bayes . 12 3.6 What is Statistics?.......................... 14 3.7 Large-sample confidence limits . 15 3.8 Philosophical probability . 16 3.9 Summarizing in 1843 . 17 3.10 Determinism . 20 4 After Cournot 22 4.1 James Clerk Maxwell (1831{1879) . 22 4.2 Charles Sanders Peirce (1839{1914) . 22 4.3 Andrei Kolmogorov (1903{1987) . 23 4.4 Abraham Wald (1902{1950) . 24 4.5 Trygve Haavelmo (1911{1999) . 25 References 26 1 Introduction Cournot sought to understand the relation between pure and applied mathematics|how mathematics can describe the natural and social worlds.
    [Show full text]
  • Mastering Economic Thinking Skills
    AP® Economics 2006–2007 Professional Development Workshop Materials Special Focus: Mastering Economic Thinking Skills connect to college success™ www.collegeboard.com ��������������������������������������������������������� The College Board is a not-for-profit membership association whose mission is to connect students to college success and opportunity. Founded in 1900, the association is composed of more than 5,000 schools, colleges, universities, and other educational organizations. Each year, the College Board serves seven million students and their parents, 23,000 high schools, and 3,500 colleges through major programs and services in college admissions, guidance, assessment, financial aid, enrollment, and teaching and learning. Among its best-known programs are the SAT®, the PSAT/NMSQT®, and the Advanced Placement Program® (AP®). The College Board is committed to the principles of excellence and equity, and that commitment is embodied in all of its programs, services, activities, and concerns. ����������������������� ���������������������������������������������������������������������������� ������������������������������������������������������������������������������������� ����������������������������������������������������������������������������������������� ��������������������������������������������������������������������������������������� ������������������������������������������������������������������������������������������ ���������������������������������������������������������������������������������� �����������������������������������������������������������������������������������������
    [Show full text]
  • An Introductory Course on Mathematical Game Theory
    An Introductory Course on Mathematical Game Theory Julio González-Díaz Ignacio García-Jurado M. Gloria Fiestras-Janeiro Graduate Studies in Mathematics Volume 115 American Mathematical Society Real Sociedad Matemática Española http://dx.doi.org/10.1090/gsm/115 An Introductory Course on Mathematical Game Theory An Introductory Course on Mathematical Game Theory Julio González-Díaz Ignacio García-Jurado M. Gloria Fiestras-Janeiro Graduate Studies in Mathematics Volume 115 American Mathematical Society Real Sociedad Matemática Española Editorial Board of Graduate Studies in Mathematics David Cox (Chair) Rafe Mazzeo Martin Scharlemann Gigliola Staffilani Editorial Committee of the Real Sociedad Matem´atica Espa˜nola Guillermo P. Curbera, Director Luis Al´ıas Alberto Elduque Emilio Carrizosa Rosa Mar´ıa Mir´o Bernardo Cascales Pablo Pedregal Javier Duoandikoetxea Juan Soler 2010 Mathematics Subject Classification. Primary 91–01; Secondary 90C05, 05C57. For additional information and updates on this book, visit www.ams.org/bookpages/gsm-115 Library of Congress Cataloging-in-Publication Data Gonz´alez-D´ıaz, Julio, 1978– An introductory course on mathematical game theory / Julio Gonz´alez-D´ıaz, Ignacio Garc´ıa- Jurado and M. Gloria Fiestras-Janeiro. p. cm. — (Graduate studies in mathematics ; v. 115) Includes biblographical references and index. ISBN 978-0-8218-5151-7 (alk. paper) 1. Game theory. I. Garc´ıa-Jurado, I. (Ignacio) II. Fiestras-Janeiro, M. Gloria, 1962– III. Title. QA269.G66 2010 519.3—dc22 2010000501 Copying and reprinting. Individual readers of this publication, and nonprofit libraries acting for them, are permitted to make fair use of the material, such as to copy a chapter for use in teaching or research.
    [Show full text]