Preference and Utility Approaches to Consumer Theory

R. Shone
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R. Shone: University of Sheffield

Chapter 3 in Microeconomics, 1975, pp 45-77 from Palgrave Macmillan

Abstract: Abstract In the last chapter we discussed the general theory of choice. Like general systems theory, which is now becoming increasingly studied, the general theory of choice provides a common set of concepts which apply to consumers’ choices as equally as to producer choices. However, it is now time to turn to some applications and consumer theory is a fitting start because in its early development it was taken to be almost synonymous with choice theory.

Keywords: Utility Function; Marginal Utility; Indifference Curve; Weakly Convex; Consumer Theory (search for similar items in EconPapers)
Date: 1975
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DOI: 10.1007/978-1-349-15593-4_3

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