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The Consumer Budget Set: The Meaning of a Mathematical Transformation

  • Theo Junius
  • Klaas Nevels
Conference paper

Abstract

For the purpose of explaining first-order conditions El-Hodiri presents an example1 in which a standard utility maximization problem is regarded as a mathematical transformation of a nonlinear programming problem defined on the semi-positive orthant in ℝ n+1.

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Copyright information

© Springer-Verlag Berlin Heidelberg 1993

Authors and Affiliations

  • Theo Junius
    • 1
  • Klaas Nevels
    • 1
  1. 1.Department of EconometricsUniversity of GroningenGroningenNetherlands

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