Advanced Microeconomic Theory |
Contents
CALCULUS AND OPTIMIZATION | 61 |
MICROECONOMIC THEORY | 115 |
CONSUMER THEORY II | 148 |
Copyright | |
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agents allocation assumption Axiom behavior bundle CALIFORNIA/SANTA CRUZ choice closed set CMEA concave function consider constraint consumer consumer's consumption set continuous convex combination convex set core cost function CRUZ The University defined definition demand functions differentiable domain economy Edgeworth box endowments equal exists expenditure function f(x¹ f(x² factor Figure firm firm's first-order conditions gamble gives Hicksian demand homogeneous of degree indifference curve indirect utility function individual input Lagrangian level set mapping market demand Marshallian demand maximization maximum minimization problem monotonic non-negative objective function open set optimal outcome output p₁ panel Pareto efficient partial derivatives preference relation production function proof properties Prove quasiconcave real valued function requires risk aversion satisfy short-run slope social welfare function solution solve strictly concave substitution suppose Theorem UNIVERSITY OF CALIFORNIA/SANTA variable vector VNM utility function Walrasian equilibrium zero