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Non - rationalizability of utilitarian consistent choice functions
In much of the applied welfare economics, one finds the recurrent use of utilitarian objective functions, in arriving at social decisions. Apart from being completely insensitive to distributional issues, the utilitarian ...
Optimization Theory: A Note
This note presents some results in Optimization Theory that are useful in economics. The theory is developed for the case of two variable optimization problems in a self-contained manner.
Solving Two and Three Variables LP Problems
This note provides simple methods of solving two and three variable LP problems.
Notes on Two Dimensional Optimizational Theory