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RSS订阅原创 Notes of Understanding the Ricardian Model
To verify the conditions for general equilibrium under other structures, a similar workflow can be employed. Firstly, the solution to the corresponding corner equilibrium should be derived.
2023-12-22 11:43:37
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原创 Marshellian demand and the solution problem of maximizing Utility.
BBB is the feasible set as it indicates that the expenditure not exceed income:B={x∣x∈R+n,p⋅x≤y}B=\{\mathbf{x}|\mathbf{x}\in\mathbb{R}_+^n,\mathbf{p}\cdot\mathbf{x}\leq y\}B={x∣x∈R+n,p⋅x≤y}As in a considerable size market, the prizes or goods are sett
2023-11-09 20:32:10
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原创 From Preference Relation to Utility Function.
xe∼xxex1≿x2⟺ux1≥ux2xi.MUxi∂xi∂uxx1x2xx1fx1))c2fx1in x1x2S12x11x21≡∣f′x11∣−f′x11As ux1fx1))c1must be 0.∂x11∂ux11fx1。
2023-11-09 20:04:58
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原创 Constraints that shape the preference relation and the utility curve
Constraints that shape the preference relation and the utility curve.
2023-10-23 23:12:12
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原创 Consumer Theory-Primitive Notions, Preference Relations and categories.
Notes for Advanced Microeconomic Theory course.高级微观经济学课程学习笔记01Consumer theory. Primitive notions, preference relations.
2023-10-21 19:34:17
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