All Questions
Tagged with welfare-economics microeconomics
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Topological concepts in economic theory
QUESTION: What are the major or systematic applications of post-1960s mathematics to microeconomics?
For example, in the late 19th century, Fisher first used the mathematical ideas of Gibbs to ...
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Is the consumer surplus on a Giffen/Veblen good negative?
When drawing the demand and supply curves on a quantity/product space for an upwards sloping demand, assuming the two curves intersect, I noticed that the traditional consumer surplus region lies ...
5
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Transformation Function
In Mas-Colell microeconomics textbook I have found that profit maximization problem (as well as many further optimization tasks) could be represented with application of some transformation function (...
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When were the First and Second Welfare Theorems proven? [closed]
What years and by who were the first and second welfare theorems first proven?