Concavity of a function is used as a hypothesis in most of the important theorems concerning extremum problems in mathematical economics, optimization, engineering and management science. Generalized concavity refers to the many nonconcave functions that have properties similar to concave functions. Originally published in 1988, this enduring text presents: a review of concavity and the basics of generalized concavity; applications of generalized concavity to economics; special function forms such as composite forms, products, ratios and quadratic functions; fractional programming; and concave transformable functions.
