10.4225/03/59fab5b326d48
Sun, Guang-Zhen
Exploiting Gossen's second law: a simple proof of the Euler equation and the maximum principle
2017
Monash University
Euler equation
Gossen's second law
Marginal utility
Maximum principle
2005
1959.1/2237
monash:2237
2017-11-02 06:05:37
article
https://bridges.monash.edu/articles/Exploiting_Gossen_s_second_law_a_simple_proof_of_the_Euler_equation_and_the_maximum_principle/5562310
We offer simple and intuitive proofs of the Euler equation and the maximum principle based on Gossen's Second Law, one of the best known results in economics.