Author : Yusuf M. Mansur
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781959251
Total Pages : 216 pages
Book Rating : 4.9/5 (592 download)
Book Synopsis Fuzzy Sets and Economics by : Yusuf M. Mansur
Download or read book Fuzzy Sets and Economics written by Yusuf M. Mansur and published by Edward Elgar Publishing. This book was released on 1995-01-01 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fuzzy Sets and Economics presents a clear and concise introduction to fuzzy mathematics and demonstrates its adaptability to the analysis of oligopolistic competition. In particular, the author indicates how the economic evaluation of non-cooperative oligopoly markets is changed when fuzzy set mathematics is used. The neo-classical view that oligopolistic competition is inefficient is shown only to apply in the short run while policy matters, such as antitrust, and some basic economic fundamentals, such as the supply-demand paradigm, are affected by the introduction of a fuzzy mathematics framework.