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La teoría del consumidor: fundamentales y aplicaciones
[The consumer theory: fundamentals and applications]

Author

Listed:
  • Galvis Ciro, Juan Camilo
  • Henao Atehortúa, Edison Fred

Abstract

This document is about the theoretical foundations of neoclassical consumer theory. In the first part, the document makes a presentation of the Arrow-Debreu model and presents the problem of maximization of utility and minimization of expenditure from the real approach (set theory). In the second part, it analyzes the problem of integrability. Then, in the third part, it analyzes the classification of the goods by their elasticities. In the fourth and last part, we made empirical applications of consumer theory.

Suggested Citation

  • Galvis Ciro, Juan Camilo & Henao Atehortúa, Edison Fred, 2018. "La teoría del consumidor: fundamentales y aplicaciones [The consumer theory: fundamentals and applications]," MPRA Paper 84507, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:84507
    as

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    File URL: https://mpra.ub.uni-muenchen.de/84507/1/MPRA_paper_84507.pdf
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    References listed on IDEAS

    as
    1. Mas-Colell, Andreu, 1977. "The Recoverability of Consumers' Preferences from Market Demand Behavior," Econometrica, Econometric Society, vol. 45(6), pages 1409-1430, September.
    2. P. A. Samuelson, 1947. "Some Implications of "Linearity."," Review of Economic Studies, Oxford University Press, vol. 15(2), pages 88-90.
    3. Arthur Lewbel, 1989. "Identification and Estimation of Equivalence Scales under Weak Separability," Review of Economic Studies, Oxford University Press, vol. 56(2), pages 311-316.
    4. Brown, Alan & Deaton, Angus S, 1972. "Surveys in Applied Economics: Models of Consumer Behaviour," Economic Journal, Royal Economic Society, vol. 82(328), pages 1145-1236, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    consumer theory; utility; expenditure; elasticities;
    All these keywords.

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium

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