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Contemporary Mathematics and Its Applications, 2015, Volume 95, Pages 77–82
(Mi cma8)
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A priori estimates of the maximal utility in Slutskii’s theory
Yu. Ya. Agranovicha, N. V. Kontsevayab, V. L. Khatskevichc a Voronezh State Technical University
b Financial University under the Government of the Russian Federation, Moscow
c Voronezh State University
Abstract:
In this paper, we examine stability conditions of stationary points of a dynamical system in an example of simulation of utility functions that determine a control mechanism of purchasing goods. Applying the minimization method for projections of subtangents (the subtangential method) at points of the dynamical curve on the utility axis, we propose a method of determining the restrictions on goods, which is most convenient in the control context.
Citation:
Yu. Ya. Agranovich, N. V. Kontsevaya, V. L. Khatskevich, “A priori estimates of the maximal utility in Slutskii’s theory”, Contemporary Mathematics and Its Applications, 95 (2015), 77–82; Journal of Mathematical Sciences, 216:5 (2016), 679–684
Linking options:
https://www.mathnet.ru/eng/cma8 https://www.mathnet.ru/eng/cma/v95/p77
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Abstract page: | 79 | Full-text PDF : | 39 |
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