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Are there any mainstream economic models that rely on conic optimization to solve for decision variables? Conic optimization is a type of convex optimization problem, different from linear and quadratic programming. Any leads would be helpful

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    $\begingroup$ I see your two posts regarding some advanced, but non-standard methods in economics. I genuinely hope you get feedback on the matter. However, for the most part, it is worth checking out some advanced texts in maths for economists; but also whether conic programming would make sense in economics more generally? Why it would be superior to standard methods? $\endgroup$
    – EB3112
    Dec 12 '20 at 17:00
  • $\begingroup$ yes non-economics says it would be better. but i want to know about actual applications $\endgroup$
    – develarist
    Dec 12 '20 at 18:28
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    $\begingroup$ I guess my response would be why would a non-economist say it's 'better'? By which criterion, and applied to which fields? Those are my observations. It may be for example that simply the barriers to entry with that kinda math may be too high, and the so-called benefits, may outweigh the costs? $\endgroup$
    – EB3112
    Dec 12 '20 at 18:48
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    $\begingroup$ This leads me to ask then, what are the primary benefits of the method? $\endgroup$
    – EB3112
    Dec 12 '20 at 18:50
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    $\begingroup$ The consumer problem of maximizing a concave utility function on the budget line- the intersection of the affine space of vectors whose price equals income with the cone $\mathbb{R}^n_+$ is an obvious example. $\endgroup$ Dec 15 '20 at 15:50

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