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Unformatted text preview: lecture. Specically, the concept of the indirect utility function is due to Roy (1942); the concept of the expenditure function is due to Hicks (1946); and the concepts of consumer surplus used in Problem 6 are due to Hicks (1939). See also McKenzie (1957). For a full representation of the duality idea, see, for example, Varian (1984) and Diewert (1982)....
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This note was uploaded on 12/29/2011 for the course ECO 443 taught by Professor Aswa during the Fall '10 term at SUNY Stony Brook.
- Fall '10