Utility and Demand

Ryuzo Sato and Rama V. Ramachandran
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Ryuzo Sato: New York University
Rama V. Ramachandran: Pebble Brook Lane

Chapter Chapter 4 in Symmetry and Economic Invariance, 2014, pp 43-53 from Springer

Abstract: Abstract Microeconomic theory recognizes that the allocation of resources in economy is driven forces of demand and supply. Supply is determined by technology and the cost of inputs. In previous chapters, we discussed how group theoretic method allows us to examine the effects of technological change on supply. In this chapter, we look how the traditional results of demand theory can be reinterpreted using group theoretic methods.

Keywords: Integrability Condition; Utility Theory; Indifference Curve; Inverse Demand Function; Microeconomic Theory (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advchp:978-4-431-54430-2_4

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DOI: 10.1007/978-4-431-54430-2_4

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