On the differentiability of the benefit function

Bertrand Crettez (), Naila Hayek () and Jean-Michel Courtault ()
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Bertrand Crettez: Université de Franche-Comté
Naila Hayek: Université de Franche-Comté

Economics Bulletin, 2004, vol. 4, issue 5, 1-6

Abstract: The benefit function, introduced by Luenberger, provides a tool for well-defined cardinal comparisons of different bundles of goods. It also allows to study in an orignal way optimal consumers and firms choices, Pareto-optimality etc... In this note we prove that the benefit function is differentiable under standard conditions. This property is useful in order to study optimal choices.

Keywords: Benefit; function (search for similar items in EconPapers)
JEL-codes: D0 D6 (search for similar items in EconPapers)
Date: 2004-03-24
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Citations: View citations in EconPapers (4)

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