consumer theory

The two effects are now standard in consumer theory.

Consumer theory can also be used to analyze a consumer's choice between leisure and labor.

The same functional form arises as a utility function in consumer theory.

In consumer theory, it has been applied to analyze purchasing decisions.

An ordinary good is a microeconomic concept used in consumer theory.

Consumer theory examines the consequences and sociological meaning of the relationship.

He applied this approach both to consumer theory and the theory of the firm.

His 1926 paper on consumer theory helped set up Neo-Walrasian research.

Elsewhere, such as in general consumer theory, ordinal utility is preferred.

Much of consumer theory relies on a weaker assumption, local nonsatiation.

In consumer theory, the equation restricting an individual or household to spend no more than its total resources is often called the budget constraint.

An Armington elasticity is an economic parameter commonly used in models of consumer theory and international trade.

Consumer theory was devised to interpret the special relationship between a service provider and service user in the context of mental health.

In consumer theory, economic actors are thought of as being confronted with a set of possible consumption bundles or commodity space.

The behavioral assumption of the consumer theory proposed herein is that all consumers seek to maximize utility.

The different shapes of the curves imply different responses to a change in price as shown from demand analysis in consumer theory.

Consumer theory uses the concepts of a budget constraint and a preference map to analyze consumer choices.

An immediate example of this is the consumer theory of individual demand, which isolates how prices (as costs) and income affect quantity demanded.

See consumer theory.

The 1957 paper appears to include the first derivation of Shephard's lemma in the context of consumer theory.

Consumer theory uses indifference curves and budget constraints to generate consumer demand curves.

In economics and consumer theory, quasilinear utility functions are linear in one argument, generally the numeraire.

For example, in consumer theory the objective function is the indifference-curve map (the utility function) of the consumer.

In economics and consumer theory, a Giffen good is one which people paradoxically consume more of as the price rises, violating the law of demand.

"Neuroeconomics could be to consumer theory what agency theory is to the production-function approach," Professor Camerer said.