Sun, Guang-Zhen
Exploiting Gossen's second law: a simple proof of the Euler equation and the maximum principle
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.
Euler equation;Gossen's second law;Marginal utility;Maximum principle;2005;1959.1/2237;monash:2237
2017-11-02
https://bridges.monash.edu/articles/journal_contribution/Exploiting_Gossen_s_second_law_a_simple_proof_of_the_Euler_equation_and_the_maximum_principle/5562310

10.4225/03/59fab5b326d48