Abstract
This chapter introduces some important nonlinear functions: the exponential and the logarithmic functions using their functional equations. The exponential function is then used to explain compound interests. Another type of nonlinear functions are the generalized homogeneous functions and their application in production theory. The chapter ends with the investigation of nonlinear systems of equations and Banach’s fixed point theorem.
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Unhappiness is realising almost everything is nonlinear.
Based loosely on ED ADAMS
motto at beginning of Chapter 4
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© 2016 Springer International Publishing Switzerland
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Eichhorn, W., Gleißner, W. (2016). Nonlinear Functions of Interest to Economics. Systems of Nonlinear Equations. In: Mathematics and Methodology for Economics. Springer Texts in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-319-23353-6_7
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DOI: https://doi.org/10.1007/978-3-319-23353-6_7
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Publisher Name: Springer, Cham
Print ISBN: 978-3-319-23352-9
Online ISBN: 978-3-319-23353-6
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