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


  • Manuel Besada


  • Javier García
  • Miguel Mirás
  • Carmen Vázquez


No abstract is available for this item.

Suggested Citation

  • Manuel Besada & Javier García & Miguel Mirás & Carmen Vázquez, 2011. "Generalized marginal rate of substitution in multiconstraint consumer’s problems and their reciprocal expenditure problems," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 2(3), pages 401-421, September.
  • Handle: RePEc:spr:series:v:2:y:2011:i:3:p:401-421 DOI: 10.1007/s13209-011-0037-8

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    References listed on IDEAS

    1. Shefrin, H. M. & Heineke, J. M., 1979. "On duality theory in intertemporal choice with uncertainty," Economics Letters, Elsevier, vol. 3(1), pages 19-23.
    2. Weber, Christian E., 1998. "A note on Lagrange multipliers with several binding constraints," Economics Letters, Elsevier, vol. 59(1), pages 71-75, April.
    3. Johnston, Richard S & Larson, Douglas M, 1994. "Focusing the Search for Giffen Behavior," Economic Inquiry, Western Economic Association International, vol. 32(1), pages 168-174, January.
    4. Besada, M. & Vazquez, C., 1999. "The generalized marginal rate of substitution," Journal of Mathematical Economics, Elsevier, vol. 31(4), pages 553-560, May.
    5. Neary, J. P. & Roberts, K. W. S., 1980. "The theory of household behaviour under rationing," European Economic Review, Elsevier, vol. 13(1), pages 25-42, January.
    6. Diamond, Peter A & Yaari, Menahem, 1972. "Implications of the Theory of Rationing for Consumer Choice Under Uncertainty," American Economic Review, American Economic Association, vol. 62(3), pages 333-343, June.
    7. M. Hossein Partovi & Michael R. Caputo, 2006. "A Complete Theory Of Comparative Statics For Differentiable Optimization Problems," Metroeconomica, Wiley Blackwell, vol. 57(1), pages 31-67, February.
    8. William J. Baumol, 1973. "Income and Substitution Effects in the Linder Theorem," The Quarterly Journal of Economics, Oxford University Press, vol. 87(4), pages 629-633.
    9. Atkinson, A. B. & Stern, N. H., 1979. "A note on the allocation of time," Economics Letters, Elsevier, vol. 3(2), pages 119-123.
    10. Christian E. Weber, 2005. "Diminishing marginal value of income without apology," Oxford Economic Papers, Oxford University Press, vol. 57(4), pages 586-609, October.
    11. Cornes,Richard, 1992. "Duality and Modern Economics," Cambridge Books, Cambridge University Press, number 9780521336017, March.
    12. Besada, Manuel & Miras, Miguel, 2002. "A note on Lagrange multipliers in the multiple constraint case," Economics Letters, Elsevier, vol. 75(1), pages 141-145, March.
    13. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762, March.
    14. 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, vol. 4(2), pages 131-163, May.
    15. Caputo, Michael R., 2001. "Further results on Lagrange multipliers with several binding constraints," Economics Letters, Elsevier, vol. 70(3), pages 335-340, March.
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    More about this item


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

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory


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