Besada, Manuel; García, Javier; Mirás, Miguel; … - In: SERIEs - Journal of the Spanish Economic Association 2 (2011) 3, pp. 401-421
The aim of this paper is to explore several features concerning the generalized marginal rate of substitution (GMRS)when the consumers utility maximization problem with several constraints is formulated as a quasi-concave programming problem. We show that a point satisfying the first order...