McCauley, Joseph L. - Volkswirtschaftliche Fakultät, … - 1999
General Equilibrium Theory in econometrics is based on the vague notion of utility. Prices, dynamics, and market … equilibria are supposed to be derived from utility. Utility is sometimes treated like a potential, other times like a Lagrangian … gradient of utility in equilibrium, but I observe instead that price as the gradient of utility is an integrability condition …