This collection represents Koopmans' work over the past 15 years on such topics as the representation of preference orderings, the computation of an optimal stationary capital stock, the comparison of economic systems, optimal growth theory, and models of energy and other exhaustible resources.
Tjalling C. Koopmans was awarded the 1975 Nobel Prize for his work on the theory of optimal utilization of resources. This collection represents Koopmans' work over the past 15 years on such topics as the representation of preference orderings, the computation of an optimal stationary capital stock, the comparison of economic systems, optimal growth theory, and models of energy and other exhaustible resources.
Contents
Note on a Social System Composed of Hierarchies with Overlapping Personnel • Maximizing Stationary Utility in a Constant Technology • On the Description and Comparison of Economic Systems • Representation of Preference Orderings with Independent Components of Consumption • Representation of Preference Orderings over Time • Some Observations on 'Optimal' Economic Growth and Exhaustible Resources • On the Definition and Computation of a Capital Stock Invariant under Optimization • Is the Theory of Competitive Equilibrium With It? Proof for a Case where Discounting Advances the Doomsday • Concepts of Optimality and Their Uses • Examples of Production Relations Based on Microdata • Economics Among the Sciences • Alternative Futures With or Without Constraints on the Energy Technology Mix • The Transition from Exhaustible to Renewable or Inexhaustible Resources • Additively Decomposed Quasiconvex Functions
