Variational Analysis for the Consumer Theory

Jean-Paul Penot ()
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Jean-Paul Penot: Université Pierre et Marie Curie

Journal of Optimization Theory and Applications, 2013, vol. 159, issue 3, No 13, 769-794

Abstract: Abstract We look for an interpretation of the demand correspondence in the consumer theory as a generalized derivative of the inverse utility function. We test the main concepts of nonsmooth analysis for such an objective. The proofs only use classical methods in optimization such as penalization and optimality conditions.

Keywords: Consumer theory; Demand correspondence; Inverse utility function; Normal cone; Subdifferential; Utility function (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s10957-013-0289-5

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