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Separability and Aggregation: The Collected Works of W. M. Gorman, Volume I

W. M. Gorman

C. Blackorby and A. F. Shorrocks (eds)

Published in print:
1996
Published Online:
November 2003
ISBN:
9780198285212
eISBN:
9780191596322
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0198285213.001.0001
Subject:
Economics and Finance, Microeconomics

W. M. (Terence) Gorman has been a major figure in the development of economics during the past 40 years. His publications on separability, aggregation, duality, and the modelling of consumer demand ... More


Consumer-Resource Dynamics: Building Consumptive Food Webs

Kevin S. McCann

in Food Webs (MPB-50)

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691134178
eISBN:
9781400840687
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691134178.003.0005
Subject:
Biology, Ecology

This chapter examines the dynamics of consumer–resource interaction, one of the fundamental building blocks of food webs. In particular, it considers how consumer–resource systems that are ... More


Alternatives to the Neo‐Classical Theory of Choice

Robert Sugden

in Valuing Environmental Preferences: Theory and Practice of the Contingent Valuation Method in the US, EU , and developing Countries

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199248919
eISBN:
9780191595950
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199248915.003.0006
Subject:
Economics and Finance, Development, Growth, and Environmental

The concepts of accuracy and bias in surveys, like that of elicitation of preferences, presuppose that there are true answers to the questions that contingent valuation (CV) studies address. This ... More


Food Chains and Omnivory

Kevin S. McCann

in Food Webs (MPB-50)

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691134178
eISBN:
9781400840687
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691134178.003.0007
Subject:
Biology, Ecology

This chapter extends the consumer–resource theory to include simple but common three-species modules behind the construction of whole food webs, with particular emphasis on food chains and omnivory. ... More


General Equilibrium Theory of Value

Yves Balasko

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691146799
eISBN:
9781400838912
Item type:
book
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691146799.001.0001
Subject:
Economics and Finance, History of Economic Thought

The concept of general equilibrium, one of the central components of economic theory, explains the behavior of supply, demand, and prices by showing that supply and demand exist in balance through ... More


Demand Functions

Yves Balasko

in General Equilibrium Theory of Value

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691146799
eISBN:
9781400838912
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691146799.003.0003
Subject:
Economics and Finance, History of Economic Thought

Rational consumers are assumed to maximize their preferences subject to the constraints they perceive. With preferences that are representable by utility functions, the consumer's problem is modeled ... More


Preferences and Utility

Yves Balasko

in General Equilibrium Theory of Value

Published in print:
2011
Published Online:
October 2017
ISBN:
9780691146799
eISBN:
9781400838912
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691146799.003.0002
Subject:
Economics and Finance, History of Economic Thought

Classical consumer theory is essentially the theory of utility maximization under a budget constraint. This theory starts with the definition of consumers' preferences. In classical consumer theory, ... More


The Consumer Problem

Robert G. Chambers

in Competitive Agents in Certain and Uncertain Markets

Published in print:
2021
Published Online:
December 2020
ISBN:
9780190063016
eISBN:
9780190063047
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190063016.003.0005
Subject:
Economics and Finance, Econometrics, Microeconomics

The theory of a rational consumer characterized by an incomplete preference order is developed using distance functions and the zero-minimum (zero-maximum) principle. The essential comparative-static ... More


Competitive Agents in Certain and Uncertain Markets

Robert G. Chambers

Published in print:
2021
Published Online:
December 2020
ISBN:
9780190063016
eISBN:
9780190063047
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190063016.001.0001
Subject:
Economics and Finance, Econometrics, Microeconomics

This book uses concepts from optimization theory to develop an integrated analytic framework for treating consumer, producer, and market equilibrium analyses as special cases of a generic ... More


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