Properties of Critical Points and Operators in Economics

10 Pages Posted: 24 Mar 2009

Date Written: February 1977

Abstract

'The study of the local characteristics of equilibrium positions generated by the constrained maximization of some criterion functions (such as utility, profit, cost, etc.) goes back to Antonelli's paper [2] of 1886. Certain local properties have proved to be particularly fruitful for economie theory since the early works of Slutsky, Hicks, and Samuelson [9]; they have been formulated in terms of a matrix uf "compensated" terms and they concern the properties of partial derivatives of the demand function in some neighborhood of the equilibrium.

Suggested Citation

Chichilnisky, Graciela, Properties of Critical Points and Operators in Economics (February 1977). Available at SSRN: https://ssrn.com/abstract=1366869 or http://dx.doi.org/10.2139/ssrn.1366869

Graciela Chichilnisky (Contact Author)

Columbia University ( email )

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HOME PAGE: http://www.chilchilnisky.com

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