Ricardian equivalence theorem

Finance and Economics 3239 07/07/2023 1049 Hannah

Lee–Gruber Equivalence Theorem The Lee–Gruber equivalence theorem is a mathematical theorem which states that the solutions of the differential equation: y+py+qy=0 where p and q are constants, is equivalent to the equation: y+py+qy=g(t) where g(t) is any specific function of time. In other ......

Lee–Gruber Equivalence Theorem

The Lee–Gruber equivalence theorem is a mathematical theorem which states that the solutions of the differential equation:

y+py+qy=0

where p and q are constants, is equivalent to the equation:

y+py+qy=g(t)

where g(t) is any specific function of time. In other words, solutions to the second equation are solutions to the first equation in the absence of any time-varying external force acting on the system.

The theorem is named after two of its principal authors, Norman Lee and Gail Gruber, who first published it in 1977. It has since been widely applied in physics, engineering, and control theory, as well as other mathematical fields.

The theorem is important in many physical situations because it allows one to convert a differential equation describing a system with varying external inputs into an equation which is more amenable to solution. The main idea behind the theorem is that, even though the presence of an external input causes the system’s state to deviate from its normal steady-state behavior, this deviation from the steady-state caused by the input can often be represented by a time-varying state parameter. By expressing the relationship between an input and this parameter in terms of a differential equation, the resulting equation can then be solved using the Lee–Gruber equivalence theorem.

For example, consider a simple mechanical system in which an external force is applied to a spring-mass system. Without the external input, the equation of motion for the system is a simple second-order linear differential equation:

m x+k x=0

where m is the mass, k is the spring constant, and x is the position of the mass. To find the motion of the system, one could solve this differential equation directly. However, this equation does not account for the possibility that the external force may vary with time. To include the possibility of a time-varying input, one can modify the equation to account for the presence of an additional time-varying force, yielding the following equation:

m x+k x=f(t)

where f(t) is the external force applied to the system at any given time. By the Lee–Gruber equivalence theorem, this equation is equivalent to the original equation with an added state parameter, yielding the following equation:

m x+k x=g(x(t))

where g(x(t)) is the rate of change of the force applied to the system, which is a function of the systems state. This equation can now be solved directly, without the need for further modification.

In addition to being applied to mechanical systems, the Lee–Gruber equivalence theorem has also been applied to the fields of electrical circuits, biochemical networks, and control theory, among other areas.

In summary, the Lee–Gruber equivalence theorem is a powerful mathematical tool which enables one to convert a differential equation describing a system with varying external inputs into an equation which is more amenable to solution. By expressing the relationship between an input and a state parameter in terms of a differential equation, the resulting equation can then be solved using this theorem. As such, the Lee–Gruber equivalence theorem has been applied to many areas of mathematics, physics, engineering, and control theory, and is a valuable tool for anyone needing to solve equations involving varying external inputs.

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Finance and Economics 3239 2023-07-07 1049 LuminousSky

The Law of Equivalence of Li Jiatu, also known as the law of duality, is an important theorem in mathematics. It was first articulated by Li Jiatu, a Chinese mathematician. According to the theorem, two equations related to the same unknowns can be transformed into two equivalent equations by mean......

The Law of Equivalence of Li Jiatu, also known as the law of duality, is an important theorem in mathematics. It was first articulated by Li Jiatu, a Chinese mathematician. According to the theorem, two equations related to the same unknowns can be transformed into two equivalent equations by means of symmetrical operation.

The theorem states that: “Suppose two forms of equations, one is linear and the other one is quadratic, both in one unknown; then, two equations would be equivalent provided that one equation could be transformed into another one by simple algebraic operations and exchange of the two sides”. This theorem explains why linear equations can be transformed into quadratic equations and vice versa, and thereby eliminates the complexities of studying two distinct forms of equations.

Li Jiatu’s Law of Equivalence has numerous applications in mathematics. For example, it is used in solving equations, analyzing polynomials, proving basic theorems and discovering algebraic properties of equations. Additionally, it has proven useful in the study of complex equations too.

Li Jiatu is remembered for his remarkable contributions to mathematics. His theorems remain relevant in modern mathematics, always providing solutions to complicated equations with simple and elegant solutions. The Law of Equivalence of Li Jiatu serves as an example of the genius of Li Jiatu and his remarkable accomplishment in the field of mathematics.

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