The household optimum

Harald Wiese ()
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Harald Wiese: Universität Leipzig

Chapter Chapter 6 in Advanced Microeconomics, 2021, pp 129-172 from Springer

Abstract: Abstract We now consider decisions of households facing prices for each of the $$\mathcal{l}$$ l goods. Assuming price takership, the households buy a best bundle within their budget. Therefore, we analyze the budget first and then derive a best bundle on the basis of budget and preferences.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-658-34959-2_6

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DOI: 10.1007/978-3-658-34959-2_6

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