Duality Theory and Value Constraint.

In this paper, the authors generalize the quantity rationing problem and assume that, rather than quantities being constrained, the decisionmaker has to spend a certain amount on some goods. They show that the cost function inferred from this model need not be quasi-concave in prices. The authors end the paper by showing how a duality theory may be developed under these conditions. Copyright 1993 by Scottish Economic Society.

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Year of publication:	1993
Authors:	Fare, Rolf ; Logan, James
Published in:	Scottish Journal of Political Economy. - Scottish Economic Society - SES. - Vol. 40.1993, 3, p. 330-34
Publisher:	Scottish Economic Society - SES

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005686875