Using method of Lagrange multipliers, an attempt has been taken in this paper to derive mathematical formulation to devise optimal purchasing policy in order to maximize utility function subject to multiple constrained, in this particular illustration, two constraints: 1) budget constraint, and...

Applying method of Lagrange multipliers, an attempt has been made to derive mathematical formulation to workout optimal purchasing policy in order to maximize utility of an individual consumer subject to multiple constraints; in this particular illustration, two constraints: 1) budget...

Charles Ragin's crisp set and fuzzy set Qualitative Comparative Analysis (csQCA and fsQCA) are being used by increasing numbers of social scientists interested in combining analytic rigour with case-based approaches. As with all techniques that become available in easy-to-use software packages,...

In this paper we investigate the underlying structure of the Lucas (1988) endogenous growth model. We derive analytically, the restrictions on the parameter space that are necessary and sufficient for the existence of balanced growth paths and saddle-path stable local dynamics. We demonstrate...