Mathematical Economics before Cournot

Methodological Shortcomings in Classical Mathematical Economics: A Critical Examination of the Contributions of Cournot, Jevons and Walras

This paper examines critically the contributions of Cournot, Jevons and Walras as the founders of classical mathematical economics from a methodological standpoint. Advances in different economic schools and doctrines in the 19th century produced an environment of multi-dimensionality in economic analysis which was regarded by the pioneers of classical mathematical economists as a chaotic state...

methodological shortcomings in classical mathematical economics: a critical examination of the contributions of cournot, jevons and walras

this paper examines critically the contributions of cournot, jevons and walras as the founders of classical mathematical economics from a methodological standpoint. advances in different economic schools and doctrines in the 19th century produced an environment of multi-dimensionality in economic analysis which was regarded by the pioneers of classical mathematical economists as a chaotic state...

Mathematical Models in Economics

Mathematical Institutional Economics

An overview is given of the utilization of strategic market games in the development of a game theory based theory of money and financial institutions. JEL Classifications: C72, C73, E44

Algorithmic Collusion in Cournot Duopoly Market: Evidence from Experimental Economics

Algorithmic collusion is an emerging concept. Whether algorithmic collusion is a creditable threat remains as an argument. In this paper, we propose an algorithm which can extort its human rival to collude in a Cournot duopoly competing market. In experiments, we show that, the algorithm can successfully extort its human rival and gets higher profit in long-run, meanwhile the human rival will f...