Solving the consumer's utility-maximization problem with CES and Cobb-Douglas utility function via mathematical inequalities

DOI10.1007/s11590-016-1052-2zbMath1394.90531OpenAlexW2474244008MaRDI QIDQ523187

Vedran Kojić

Publication date: 20 April 2017

Published in: Optimization Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11590-016-1052-2

zbMATH Keywords

CES and Cobb-Douglas utility functionconsumer's utility-maximization problemmathematical inequalitieswithout calculus

Mathematics Subject Classification ID

Nonlinear programming (90C30) Utility theory (91B16)

Related Items (3)

Investigations to the price evolutions of goods exchange with CES utility functions ⋮ Note on ``The derivation of EOQ/EPQ inventory models with two backorders costs using analytic geometry and algebra ⋮ Distributed real-time pricing method incorporating load uncertainty based on nonsmooth equations for smart grid

Cites Work

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• The derivation of EOQ/EPQ inventory models with two backorders costs using analytic geometry and algebra
• An easy method to derive EOQ and EPQ inventory models with backorders
• A simple method to compute economic order quantities
• A non-calculus approach to solving the utility maximization problem using the Cobb-Douglas and CES utility function

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