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  1. Non-convexity (economics) - Wikipedia

    en.wikipedia.org/wiki/Non-convexity_(economics)

    In economics, non-convexity refers to violations of the convexity assumptions of elementary economics. Basic economics textbooks concentrate on consumers with convex preferences (that do not prefer extremes to in-between values) and convex budget sets and on producers with convex production sets ; for convex models, the predicted economic behavior is well understood.

  2. Non-con­vex sets arise also with en­vi­ron­men­tal goods (and other ex­ter­nal­i­ties ), and with mar­ket failures, and pub­lic eco­nom­ics. Non-con­vex­i­ties occur also with in­for­ma­tion eco­nom­ics, and with stock mar­kets (and other in­com­plete mar­kets ).

  3. Convexity in economics - Wikipedia

    en.wikipedia.org/wiki/Convexity_in_economics

    Convexity is an important topic in economics. In the Arrow–Debreu model of general economic equilibrium, agents have convex budget sets and convex preferences: At equilibrium prices, the budget hyperplane supports the best attainable indifference curve. The profit function is the convex conjugate of the cost function. Convex analysis is the standard tool for analyzing textbook economics. Non‑convex phenomena in economics have been studied with nonsmooth analysis, which generalizes convex ...

  4. Non-convexity (economics) - WikiMili, The Free Encyclopedia

    wikimili.com/en/Non-convexity_(economics)

    In economics , non-convexity refers to violations of the convexity assumptions of elementary economics. Basic economics textbooks concentrate on consumers with convex preferences (that do not prefer extremes to in-between values) and convex budget sets and on producers with convex production sets; for convex models, the predicted economic behavior is well understood.

  5. Convex - Wikipedia

    en.wikipedia.org/wiki/Convexity

    Non-convexity (economics), violations of the convexity assumptions of elementary economics Obtuse angle Disambiguation page providing links to topics that could be referred to by the same search term

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  7. Non-convexity (economics) - Wikiwand

    origin-production.wikiwand.com/en/Non-convexity_(economics)

    In economics, non-convexity refers to violations of the convexity assumptions of elementary economics.

  8. Talk:Non-convexity (economics) - Wikipedia

    en.wikipedia.org/wiki/Talk:Non-convexity_(economics)

    Talk:Non-convexity (economics) This article is within the scope of WikiProject Mathematics, a collaborative effort to improve the coverage of Mathematics on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks.

  9. Main article: Non-convexity (economics) See also: Shapley–Folkman lemma When consumer preferences have concavities, then the linear budgets need not support equilibria: Consumers can jump between allocations.

  10. Non-convexity (economics) | Semantic Scholar

    www.semanticscholar.org/topic/Non-convexity...

    In economics, non-convexity refers to violations of the convexity assumptions of elementary economics. Basic economics textbooks concentrate on consumers with convex preferences (that do not prefer extremes to in-between values) and convex budget sets and on producers with convex production sets; for convex models, the predicted economic behavior is well understood.

  11. WikiZero - Convexity in economics

    www.wikizero.com/en/Convexity_in_economics

    Non‑convex sets have been incorporated in the theories of general economic equilibria, of market failures, and of public economics. These results are described in graduate-level textbooks in microeconomics , [7] general equilibrium theory, [8] game theory , [9] mathematical economics , [10] and applied mathematics (for economists). [11]