All Questions

Filter by
Sorted by
Tagged with
16 votes
5 answers
5k views

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 ...
user avatar
5 votes
1 answer
736 views

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 ...
tox123's user avatar
  • 153
5 votes
2 answers
4k views

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 (...
Bogdan's user avatar
  • 195
1 vote
1 answer
202 views

When were the First and Second Welfare Theorems proven? [closed]

What years and by who were the first and second welfare theorems first proven?
B T's user avatar
  • 587