Lagrangean conditions for general optimization problems with applications to consumer theory
- Carmen Herrero Blanco
- José Manuel Gutiérrez Díez
Año de publicación: 1990
Número: 2
Páginas: 1-20
Tipo: Documento de Trabajo
Resumen
In this paper we provide Lagrangean conditions in a problem general enough to encompass both the classical quasiconcave optimization problem and the maximization of binary relations.The formal results are applied to consumer theory, providing analytical characterizations of the solution to the consumer problem insome cases where preferences are not representable by continuous utility functions.