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Encyclopedia of Law and Economics pp 1–4Cite as

Optimization Problems

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Abstract

This issue deals with the conceptualization of an optimization problem. In particular, we first provide a formal definition of such a mathematical concept. Then, we give some classifications of the optimization problems on the basis of their main characteristics (presence of time dependence and of constraints). In so doing, we also outline the standard techniques adopted for seeking solutions of an optimization problem. Lastly, some examples taken by the classical theory of economics and finance are proposed.

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Author information

Authors and Affiliations

  1. Department of Economics and Law, University of Macerata, Via Crescimbeni, 20, 62100, Macerata, Italy

    Roy Cerqueti & Raffaella Coppier

Authors
  1. Roy Cerqueti
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  2. Raffaella Coppier
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Corresponding author

Correspondence to Roy Cerqueti .

Editor information

Editors and Affiliations

  1. Montpellier, France

    Alain Marciano

  2. Dept DiGSPES, Univ del Piemonte Orientale Dept DiGSPES, Alessandria, Italy

    Giovanni Battista Ramello

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© 2016 Springer Science+Business Media New York

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Cerqueti, R., Coppier, R. (2016). Optimization Problems. In: Marciano, A., Ramello, G. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7883-6_354-1

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  • DOI: https://doi.org/10.1007/978-1-4614-7883-6_354-1

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  • Publisher Name: Springer, New York, NY

  • Online ISBN: 978-1-4614-7883-6

  • eBook Packages: Springer Reference Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences

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