The Dual in Nonlinear Programming and its Economic Interpretation.

This paper seeks to describe and interpret the duality theory relevant to the nonlinear programmes (1) and (2) and to supply, where possible, heuristic arguments supporting these assertions. It indicates why these relations fail to hold in the absence of the required concavity-convexity properties a...

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Publicado en:Review of Economic Studies Vol. 35; no. 3; pp. 237 - 257
Autores principales: Balinski, M.L., Baumol, W.J.
Formato: Artículo
Publicado: Oxford University Press / USA Jul68
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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      pub: Oxford University Press / USA
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        atl: The Dual in Nonlinear Programming and its Economic Interpretation.
      aug:
        au:
          Balinski, M.L.
          Baumol, W.J.
        affil: City University of New York, Princeton University
      su:
        Nonlinear programming
        Economics
        Geometry
        Mathematical models
        Social sciences
        Business
        Commerce
        Econometric models
      sug:
        subj:
          Nonlinear programming
          Economics
          Geometry
          Mathematical models
          Social sciences
          Business
          Commerce
          Econometric models
      ab: This paper seeks to describe and interpret the duality theory relevant to the nonlinear programmes (1) and (2) and to supply, where possible, heuristic arguments supporting these assertions. It indicates why these relations fail to hold in the absence of the required concavity-convexity properties and, in the process, throws some light on the nature of duality in general. Finally, an economic interpretation of the dual (2) in terms of prices, marginal yields and rents is proposed.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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          year: 1968
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