On the differentiability of the benefit function

The benefit function, introduced by Luenberger, provides a tool for well-defined cardinal comparisons of different bundles of goods. It also allows to study in an orignal way optimal consumers and firms choices, Pareto-optimality etc... In this note we prove that the benefit function is differentiable under standard conditions. This property is useful in order to study optimal choices.

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Year of publication:	2004
Authors:	Crettez, Bertrand ; Hayek, Naila ; Courtault, Jean-Michel
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 4.2004, 5, p. 1-6
Publisher:	AccessEcon
Subject:	Benefit function

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	D0 - Microeconomics. General ; D6 - Welfare Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005110892