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...

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Publicado en:Review of Economic Studies Vol. 35; no. 2; pp. 209 - 225
Autor principal: Wegge, L.L.
Formato: Artículo
Publicado: Oxford University Press / USA Apr68
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: The Demand Curves from a Quadratic Utility Indicator.
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        au: Wegge, L.L.
        affil: University of California
      su:
        Consumer behavior
        Demand function
        Quadratic programming
        Supply & demand
        Capacity theory (Mathematics)
        Utility theory
        Consumption (Economics)
        Econometric models
        Economics education
      sug:
        subj:
          Consumer behavior
          Demand function
          Quadratic programming
          Supply & demand
          Capacity theory (Mathematics)
          Utility theory
          Consumption (Economics)
          Econometric models
          Economics education
      ab: 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.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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