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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Friedman, Daniel | en |
dc.contributor.author | Sákovics, József | en |
dc.date.accessioned | 2011-07-22 | - |
dc.date.accessioned | 2012-09-28T12:42:03Z | - |
dc.date.available | 2012-09-28T12:42:03Z | - |
dc.date.issued | 2011 | - |
dc.identifier.uri | http://hdl.handle.net/10419/64545 | - |
dc.description.abstract | We reformulate neoclassical consumer choice by focusing on [lambda], the marginal utility of money. As the opportunity cost of current expenditure, [lambda] is approximated by the slope of the indirect utility function of the continuation. We argue that [lambda] can largely supplant the role of an arbitrary budget constraint in partial equilibrium analysis. The result is a better grounded, more exible and more intuitive approach to consumer choice. | en |
dc.language.iso | eng | en |
dc.publisher | |aUniversity of California, Economics Department |cSanta Cruz, CA | en |
dc.relation.ispartofseries | |aWorking Paper |x684 | en |
dc.subject.jel | D01 | en |
dc.subject.jel | D03 | en |
dc.subject.jel | D11 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | budget constraint | en |
dc.subject.keyword | separability | en |
dc.subject.keyword | value for money | en |
dc.title | The marginal utility of money: A modern Marshallian approach to consumer choice | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 664664938 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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