Lagrangean conditions for general optimization problems with applications to consumer theory
Carmen Herrero () and
José Manuel Gutiérrez Díez
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José Manuel Gutiérrez Díez: Universidad de Salamanca
Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)
Abstract:
In thib paper we provide Lagrangean conditions in a problem generalenough to encompass both the classical quasiconcave optimization problemand the maximization of binary relations.The formal results are applied to consumer theory, providinganalytical characterizations of the solution to the consumer problem insome cases where preferences are not representable by continuous utilityfunctions.
Pages: 27 pages
Date: 1990-12
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Citations: View citations in EconPapers (1)
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http://www.ivie.es/downloads/docs/wpasad/wpasad-1990-02.pdf Fisrt version / Primera version, 1990 (application/pdf)
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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:1990-02
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