| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17953 |
| 来源ID | Working Paper 17953 |
| A theory of the perturbed consumer with general budgets | |
| Daniel L. McFadden; Mogens Fosgerau | |
| 发表日期 | 2012-03-29 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We consider demand systems for utility-maximizing consumers facing general budget constraints whose utilities are perturbed by additive linear shifts in marginal utilities. Budgets are required to be compact but are not required to be convex. We define demand generating functions (DGF) whose subgradients with respect to these perturbations are convex hulls of the utility-maximizing demands. We give necessary as well as sufficient conditions for DGF to be consistent with utility maximization, and establish under quite general conditions that utility-maximizing demands are almost everywhere single-valued and smooth in their arguments. We also give sufficient conditions for integrability of perturbed demand. Our analysis provides a foundation for applications of consumer theory to problems with nonlinear budget constraints. |
| 主题 | Econometrics ; Estimation Methods ; Microeconomics ; Households and Firms |
| URL | https://www.nber.org/papers/w17953 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/575629 |
| 推荐引用方式 GB/T 7714 | Daniel L. McFadden,Mogens Fosgerau. A theory of the perturbed consumer with general budgets. 2012. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w17953.pdf（337KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
