Ontology type: schema:Chapter
2016
AUTHORSWolfgang Eichhorn , Winfried Gleißner
ABSTRACTThis 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... »
PAGES301-371
Mathematics and Methodology for Economics
ISBN
978-3-319-23352-9
978-3-319-23353-6
http://scigraph.springernature.com/pub.10.1007/978-3-319-23353-6_7
DOIhttp://dx.doi.org/10.1007/978-3-319-23353-6_7
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