JSTOR Daily

Dual Formulation of the Utility Maximization Problem: The Case of Nonsmooth Utility

We study the dual formulation of the utility maximization problem in incomplete markets when the utility function is finitely valued on the whole real line. We extend the existing results in this ...
DePauw

A Profit Maximization Problem

An Excel workbook called ProfitMax.xls provides a simple example of how to use Solver and the Comparative Statics Wizard. The Comparative Statics Wizard is an Excel add-in that walks the user through ...
The Conversation

Microeconomics explains why people can never have enough of what they want and how that influences policies

Amitrajeet A. Batabyal does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations ...
JSTOR Daily

On the Resolution of the Boundary Problem Through the Wealth Maximization Criterion: A Critique of Posner

Journal of Institutional and Theoretical Economics (JITE) / Zeitschrift für die gesamte Staatswissenschaft The Mohr Siebeck Publishing Company, www.mohr.de, founded in 1801, publishes monographs, ...