An introduction to hypergeometric functions for economists
Author:
Karim M. Abadir a
| Affiliation: | a Department of Mathematics and Department of Economics, University of York, Heslington, UK |
DOI:
10.1080/07474939908800447
Publication Frequency:
6 issues per year
Formats available:
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(English)
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Abstract
Hypergeometric functions are a generalization of exponential functions. They are explicit, computable functions that can also be manipulated analytically. The functions and series we use in quantitative economics are all special cases of them. In this paper, a unified approach to hypergeometric functions is given. As a result, some potentially useful general applications emerge in a number of areas such as in econometrics and economic theory. The greatest benefit from using these functions stems from the fact that they provide parsimonious explicit (and interpretable) solutions to a wide range of general problems.
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| Keywords: and phrases; Hypergeometric functions; distribution theory; non-linear models and discontinues; differential equations; economic theory; utility, production and cost functions |
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