期刊名称:International Journal of Economic Practices and Theories
印刷版ISSN:2247-7225
出版年度:2011
卷号:1
期号:2
页码:51-57
语种:English
出版社:International Journal of Economic Practices and Theories
摘要:In the paper we will generalize the Slutsky Equation in risk and uncertainty situations using the compensated and uncompensated demand and some local measures of risk aversion. We will obtain a nonlinear optimization problem of maximizing the expected utility; this problem will be solved using the Kuhn-Tucker method. We use the results to analyze the income and substitution effects of price changes on demand in risk and uncertainty conditions.