Exploiting Gossen's Second Law: A Simple Proof of the Euler Equation and the Maximum Principle
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KeywordsEuler equation; Gossen's second law; Marginal utility; Maximum principle.;
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
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