
Accession Number : AD0682985
Title : EFFICIENCY PRICES IN AN INFINITEDIMENSIONAL SPACE.
Descriptive Note : Research memo.,
Corporate Author : HEBREW UNIV JERUSALEM (ISRAEL) DEPT OF MATHEMATICS
Personal Author(s) : Peleg,Bezalel ; Yaari,Menahem E.
Report Date : NOV 1968
Pagination or Media Count : 70
Abstract : The study of efficiency in the infinitedimensional case is more complicated than the corresponding study in the finitedimensional case for several reasons, of which the following two are perhaps the most significant ones: (1) The basic tool, separation theorems for convex sets, while it certainly exists in the infinitedimensional case, is of very limited use in the exploration of efficiency prices. (2) In the infinitedimensional case, several alternative definitions of efficiency prices suggest themselves, and the conditions which ensure the existence of one type of efficiency prices are usually quite different from the conditions which ensure the existence of another type. One must, therefore, devote some thought to the pros and cons of each one of the alternative definitions of efficiency prices. The report describes propositions and examples that have to do with the existence of the various types of efficiency prices.
Descriptors : (*ECONOMICS, MATHEMATICAL MODELS), OPTIMIZATION, COST EFFECTIVENESS, DISTRIBUTION(ECONOMICS), PRODUCTION, EFFICIENCY, TRANSFER FUNCTIONS, NONLINEAR DIFFERENTIAL EQUATIONS, TOPOLOGY, GAME THEORY, MATHEMATICAL ANALYSIS, ISRAEL
Subject Categories : Economics and Cost Analysis
Operations Research
Distribution Statement : APPROVED FOR PUBLIC RELEASE