Exploiting Gossen's Second Law: A Simple Proof of the Euler Equation and the Maximum Principle

We offer simple and intuitive proofs of the Euler equation and the maximum principle based on Gossen's Second Law, one of the best known results in economics.

MoreLess

Year of publication:	2005-08-02
Authors:	Sun, Guang-zhen
Institutions:	Department of Econometrics and Business Statistics, Monash Business School
Subject:	Euler equation \| Gossen's second law \| Marginal utility \| Maximum principle

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	Monash Economics Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 14/05 10 pages
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005064162