Exploiting Gossen's Second Law: A Simple Proof of the Euler Equation and the Maximum Principle
We offer simple and intuitive proofs of the Euler equation and the maximum principle based on Gossen's Second Law, one of the best known results in economics.
|Date of creation:||02 Aug 2005|
|Contact details of provider:|| Postal: Department of Economics, Monash University, Victoria 3800, Australia|
Web page: http://www.buseco.monash.edu.au/eco/
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|Order Information:|| Web: http://www.buseco.monash.edu.au/eco/research/papers/ Email: |
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