Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/77730 
Erscheinungsjahr: 
2011
Quellenangabe: 
[Journal:] SERIEs - Journal of the Spanish Economic Association [ISSN:] 1869-4195 [Volume:] 2 [Issue:] 3 [Publisher:] Springer [Place:] Heidelberg [Year:] 2011 [Pages:] 401-421
Verlag: 
Springer, Heidelberg
Zusammenfassung: 
The aim of this paper is to explore several features concerning the generalized marginal rate of substitution (GMRS)when the consumers utility maximization problem with several constraints is formulated as a quasi-concave programming problem. We show that a point satisfying the first order sufficient conditions for the consumer's problem minimizes the associated quasi-convex reciprocal cost minimization problems. We define the GMRS between endowments and show how it can be computed using the reciprocal expenditure multipliers. Additionally, GMRS is proved to be a rate of change between different proportion bundles of initial endowments. Finally, conditions are provided to guarantee a decreasing GMRS along a curve of initial endowments while keeping the consumer's utility level constant.
Schlagwörter: 
quasi-concave programming
indirect utility function
marginal rates of substitution · multiple constraint optimization problems
JEL: 
C61
D11
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