Machine generated contents note: Chapter 1 - Matrix Algebra -- Chapter 2 - Comparative Statics -- Chapter 3 - General-Function Models -- Chapter 4 - Optimization -- Chapter 5 - Exponential and Logarithmic Functions -- Chapter 6 - Unconstrained Optimization -- Chapter 7 - Constrained Optimization...

We study work effort with its various determinants such as the educational level of the worker, the minimum or start-up salary as well as the initial endowment of the worker. By means of optimization we find that optimal work effort depends directly on the initial income available to the worker,...

This paper relates economic development to transaction costs. It reveals the triad transaction costs-market failure-economic underdevelopment. Many scholars attribute the problems of development to the failure of markets to perform their role of resource allocation. Some deny market failure and...

"Problems Book to Accompany Mathematics for Economists" is intended to complement any course in quantitative methods in economics, mathematical economics for undergraduate students or introductory mathematical economics for graduate students. It is aimed as an inexpensive supplement to nearly...

We stress some efficiency aspects of monopolistic competition justifying it on account of its tendency to innovate and the questionable excess capacity paradigm. Some further efficiency aspects revealed are product variety and transaction cost savings. We view the monopolistically competitive...