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Generalized marginal rate of substitution in multiconstraint consumer’s problems and their reciprocal expenditure problems

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  • Manuel Besada
  • Javier García
  • Miguel Mirás
  • Carmen Vázquez

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  • Manuel Besada & Javier García & Miguel Mirás & Carmen Vázquez, 2011. "Generalized marginal rate of substitution in multiconstraint consumer’s problems and their reciprocal expenditure problems," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 2(3), pages 401-421, September.
    • Handle: RePEc:spr:series:v:2:y:2011:i:3:p:401-421
    DOI: 10.1007/s13209-011-0037-8
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    References listed on IDEAS

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    1. Besada, M. & Vazquez, C., 1999. "The generalized marginal rate of substitution," Journal of Mathematical Economics, Elsevier, vol. 31(4), pages 553-560, May.
    2. Neary, J. P. & Roberts, K. W. S., 1980. "The theory of household behaviour under rationing," European Economic Review, Elsevier, vol. 13(1), pages 25-42, January.
    3. William J. Baumol, 1973. "Income and Substitution Effects in the Linder Theorem," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 87(4), pages 629-633.
    4. Cornes,Richard, 1992. "Duality and Modern Economics," Cambridge Books, Cambridge University Press, number 9780521336017, September.
    5. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762, September.
    6. Caputo, Michael R., 2001. "Further results on Lagrange multipliers with several binding constraints," Economics Letters, Elsevier, vol. 70(3), pages 335-340, March.
    7. Shefrin, H. M. & Heineke, J. M., 1979. "On duality theory in intertemporal choice with uncertainty," Economics Letters, Elsevier, vol. 3(1), pages 19-23.
    8. Weber, Christian E., 1998. "A note on Lagrange multipliers with several binding constraints," Economics Letters, Elsevier, vol. 59(1), pages 71-75, April.
    9. Johnston, Richard S & Larson, Douglas M, 1994. "Focusing the Search for Giffen Behavior," Economic Inquiry, Western Economic Association International, vol. 32(1), pages 168-174, January.
    10. Diamond, Peter A & Yaari, Menahem, 1972. "Implications of the Theory of Rationing for Consumer Choice Under Uncertainty," American Economic Review, American Economic Association, vol. 62(3), pages 333-343, June.
    11. M. Hossein Partovi & Michael R. Caputo, 2006. "A Complete Theory Of Comparative Statics For Differentiable Optimization Problems," Metroeconomica, Wiley Blackwell, vol. 57(1), pages 31-67, February.
    12. Atkinson, A. B. & Stern, N. H., 1979. "A note on the allocation of time," Economics Letters, Elsevier, vol. 3(2), pages 119-123.
    13. Christian E. Weber, 2005. "Diminishing marginal value of income without apology," Oxford Economic Papers, Oxford University Press, vol. 57(4), pages 586-609, October.
    14. Besada, Manuel & Miras, Miguel, 2002. "A note on Lagrange multipliers in the multiple constraint case," Economics Letters, Elsevier, vol. 75(1), pages 141-145, March.
    15. Richard G. Lipsey & Gideon Rosenbluth, 1971. "A Contribution to the New Theory of Demand: A Rehabilitation of the Giffen Good," Canadian Journal of Economics, Canadian Economics Association, vol. 4(2), pages 131-163, May.
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    Cited by:

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    More about this item

    Keywords

    Quasi-concave programming; Indirect utility function; Marginal rates of substitution; Multiple constraint optimization problems; C61; D11;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory

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