May 29, 2023 · Edit from discussion in the comments: Here the input demand functions are not uniquely determined. The condition I got is that both demands have to add up to . Since the demands are non …

Deriving demand function from utility function Ask Question Asked 6 years, 8 months ago Modified 4 years, 6 months ago

May 6, 2024 · Quadi-concavity of the utility function (and linearity of the constraint) is a sufficient condition such that the first order conditions determine a global maximum. If the objective function is …

Dec 18, 2020 · I use duality to find the cost function and then use Shepard's Lemma to derive the Hicksian demands. I will demonstrate below for the simple 2 good case, rather than generally, for …

When trying maximize the utility having a cobb-douglas utility function $u=x_1^ax_2^b$, with $a+b = 1$, I found the following formulas (Wikipedia: Marshallian Demand):

Dec 11, 2020 · Finding the conditional input demand function Ask Question Asked 4 years, 11 months ago Modified 4 years, 11 months ago

Mar 30, 2020 · I see some references on these pages which suggests that I didn't make any spectacular errors but, my elementary understanding is that the demand curve is a functions of many thing, not …

Jun 15, 2023 · You can't find Hicksian demands using the indirect utility function, you need to use the expenditure function for that. I think you're attempting to find marshallian demands in your approach …

Jul 30, 2019 · Cobb Douglas, Budget Line, Demand function question Ask Question Asked 6 years, 4 months ago Modified 6 years, 4 months ago

Aug 24, 2019 · How can I derive Hicksian demand, when from the FOC I only get $\\frac{p_x}{p_y} = \\frac13$ without the usual x & y. So they cannot be derived directly from FOC, but if I plug the …