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Generalized marginal rate of substitution in multiconstraint consumer’s problems and their reciprocal expenditure problems

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  • Manuel Besada

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  • Javier García
  • Miguel Mirás
  • Carmen Vázquez
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    File URL: http://hdl.handle.net/10.1007/s13209-011-0037-8
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    Bibliographic Info

    Article provided by Spanish Economic Association in its journal SERIEs.

    Volume (Year): 2 (2011)
    Issue (Month): 3 (September)
    Pages: 401-421

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    Handle: RePEc:spr:series:v:2:y:2011:i:3:p:401-421

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    Related research

    Keywords: Quasi-concave programming; Indirect utility function; Marginal rates of substitution; Multiple constraint optimization problems; C61; D11;

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    References

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    1. Christian E. Weber, 2005. "Diminishing marginal value of income without apology," Oxford Economic Papers, Oxford University Press, vol. 57(4), pages 586-609, October.
    2. Neary, J.P & Roberts, K.W.S, 1978. "The Theory of Household Behaviour under Rationing," The Warwick Economics Research Paper Series (TWERPS) 132, University of Warwick, Department of Economics.
    3. Baumol, William J, 1973. "Income and Substitution Effects in the Linder Theorem," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 87(4), pages 629-33, November.
    4. Shefrin, H. M. & Heineke, J. M., 1979. "On duality theory in intertemporal choice with uncertainty," Economics Letters, Elsevier, Elsevier, vol. 3(1), pages 19-23.
    5. Richard G. Lipsey & Gideon Rosenbluth, 1971. "A Contribution to the New Theory of Demand: A Rehabilitation of the Giffen Good," Canadian Journal of Economics, Canadian Economics Association, Canadian Economics Association, vol. 4(2), pages 131-63, May.
    6. Johnston, Richard S & Larson, Douglas M, 1994. "Focusing the Search for Giffen Behavior," Economic Inquiry, Western Economic Association International, Western Economic Association International, vol. 32(1), pages 168-74, January.
    7. Diamond, Peter A & Yaari, Menahem, 1972. "Implications of the Theory of Rationing for Consumer Choice Under Uncertainty," American Economic Review, American Economic Association, American Economic Association, vol. 62(3), pages 333-43, June.
    8. Besada, M. & Vazquez, C., 1999. "The generalized marginal rate of substitution," Journal of Mathematical Economics, Elsevier, vol. 31(4), pages 553-560, May.
    9. Caputo, Michael R., 2001. "Further results on Lagrange multipliers with several binding constraints," Economics Letters, Elsevier, Elsevier, vol. 70(3), pages 335-340, March.
    10. Weber, Christian E., 1998. "A note on Lagrange multipliers with several binding constraints," Economics Letters, Elsevier, Elsevier, vol. 59(1), pages 71-75, April.
    11. Besada, Manuel & Miras, Miguel, 2002. "A note on Lagrange multipliers in the multiple constraint case," Economics Letters, Elsevier, Elsevier, vol. 75(1), pages 141-145, March.
    12. Atkinson, A. B. & Stern, N. H., 1979. "A note on the allocation of time," Economics Letters, Elsevier, Elsevier, vol. 3(2), pages 119-123.
    13. M. Hossein Partovi & Michael R. Caputo, 2006. "A Complete Theory Of Comparative Statics For Differentiable Optimization Problems," Metroeconomica, Wiley Blackwell, Wiley Blackwell, vol. 57(1), pages 31-67, 02.
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