Nonlinear Functions of Interest to Economics. Systems of Nonlinear Equations View Full Text


Ontology type: schema:Chapter     


Chapter Info

DATE

2016

AUTHORS

Wolfgang Eichhorn , Winfried Gleißner

ABSTRACT

This chapter introduces some important nonlinear functions: the exponential and the logarithmic functions using their functional equations. The exponential function is then used to explain compound interests. Another type of nonlinear functions are the generalized homogeneous functions and their application in production theory. The chapter ends with the investigation of nonlinear systems of equations and Banach’s fixed point theorem. More... »

PAGES

301-371

Book

TITLE

Mathematics and Methodology for Economics

ISBN

978-3-319-23352-9
978-3-319-23353-6

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/978-3-319-23353-6_7

DOI

http://dx.doi.org/10.1007/978-3-319-23353-6_7

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1052304372


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