Duality and Self Duality

Ryuzo Sato and Rama V. Ramachandran
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Ryuzo Sato: New York University
Rama V. Ramachandran: Pebble Brook Lane

Chapter Chapter 5 in Symmetry and Economic Invariance, 2014, pp 55-72 from Springer

Abstract: Abstract The wide use of duality in economics arises from the theoretical insights that it provides and from its usefulness for empirical work. The economic implications of the optimization problem and the restrictions that have to be imposed on functional relations to enable econometric estimation become more transparent in the dual than in the original formulation.

Keywords: Utility Function; Demand Function; Price Elasticity; Marginal Rate; Indifference Curve (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advchp:978-4-431-54430-2_5

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DOI: 10.1007/978-4-431-54430-2_5

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