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Bertrand Crettez, Naila Hayek and Jean-Michel Courtault
''On the differentiability of the benefit function''
( 2004, Vol. 4 No.5 )
The benefit function, introduced by Luenberger, provides a tool for well-defined cardinal comparisons of different bundles of goods. It also allows to study in an orignal way optimal consumers and firms choices, Pareto-optimality etc... In this note we prove that the benefit function is differentiable under standard conditions. This property is useful in order to study optimal choices.
Keywords: Benefit function
D6 - Welfare Economics: General
Manuscript Received : Mar 24 2004 Manuscript Accepted : Mar 24 2004

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