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Curvas de Oferta-Precio No lineales para el caso de preferencias de consumo Cuasi-lineales
[Nonlinear Price-Consumption Paths for Quasilinear preferences]

Author

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  • Arango, Efraín

Abstract

In most of the Intermediate Microeconomics or Microeconomic Theory texts, when the demand of individuals subject is analyzed, especially the Price-Consumption paths and Income-Expansion paths , Examples are presented in which the utility functions correspond to regular preferences, that is, the equations describing the behavior of the curves, correspond to straight lines. The purpose of this paper is to demonstrate through a practical example, what happens in the case where the variations in the prices of any of the goods involved in the analysis (for our case two goods), simultaneously affect the quantities consumed of both goods. In microeconomics textbooks (of which there are many and very good ones) is not performed a detailed exposition of how to calculate the equations corresponding to these curves (Price Consumption path and Income Expansion path) if these do not correspond to linear functions. The document will cover the fundamental concepts that the reader faces when solving these restricted optimization problems, emphasizing the calculation method of the Price-Consumption path equation.

Suggested Citation

  • Arango, Efraín, 2014. "Curvas de Oferta-Precio No lineales para el caso de preferencias de consumo Cuasi-lineales [Nonlinear Price-Consumption Paths for Quasilinear preferences]," MPRA Paper 58661, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:58661
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    More about this item

    Keywords

    Keywords: Demanda; Lagrange; Curva oferta-precio; Interpolación; Polinomio.;
    All these keywords.

    JEL classification:

    • C00 - Mathematical and Quantitative Methods - - General - - - General
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • D00 - Microeconomics - - General - - - General
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory

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