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Exploiting Gossen's second law: a simple proof of the Euler equation and the maximum principle

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journal contribution
posted on 2017-11-02, 06:05 authored by Sun, Guang-Zhen
We offer simple and intuitive proofs of the Euler equation and the maximum principle based on Gossen's Second Law, one of the best known results in economics.

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Year of first publication

2005

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Monash University. Faculty of Business and Economics. Department of Economics

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    Keywords

    Euler equationGossen's second lawMarginal utilityMaximum principle20051959.1/2237monash:2237

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    In Copyright

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