The Demand Curves from a Quadratic Utility Indicator.
Whereas Houthakker's capacity method in quadratic programming is an ideal method to derive the quantity-income Engel curves, this note shows that his method, with a few modifications, can be used also in the derivation of the quantity-price demand curves. The paper is self-contained if the statement...
| Publicado en: | Review of Economic Studies Vol. 35; no. 2; pp. 209 - 225 |
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| Autor principal: | |
| Formato: | Artículo |
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Oxford University Press / USA
Apr68
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| Acceso en línea: | Ver este registro en EBSCOhost |
| Sumario: | Whereas Houthakker's capacity method in quadratic programming is an ideal method to derive the quantity-income Engel curves, this note shows that his method, with a few modifications, can be used also in the derivation of the quantity-price demand curves. The paper is self-contained if the statement of the Kuhn-Tucker-Lagrange conditions and the mnemonic property of the condensed pivotal method may be assumed to be proved. The direct purpose of this note is to set and solve an exercise in the theory of consumer's behaviour. |
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