A Gradient Model of Dynamic Consumer Behaviour

Gradient methods have been useful in economics, particularly in non-linear programming and estimation. This paper outlines a gradient model of dynamic consumer behaviour under uncertainty. An extension to a two-consumer bargaining model is suggested. A key role is played by the nature and extent of consumer's information regarding his income and preference field and the prices he faces.

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Year of publication:	1972
Authors:	Comay, Y. ; Maital, Shlomo ; Rutenberg, A.
Institutions:	Economics Department, Queen's University

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	1 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005653195