Utility and Production: Theory and Applications

✍ Scribed by Professor Pablo Coto-Millán (auth.)

• Publisher: Physica-Verlag Heidelberg
• Year: 2003
• Tongue: English
• Leaves: 206
• Series: Contributions to Economics
• Edition: 2
• Category: Library

✦ Synopsis

This book is different from the first edition. There are three entirely new chapters: 2,6 and 9. I have also included new sections in chapters 1,4 and 8. Moreover, the remaining chapters, 3, 5 and 7, have been revised and updated. In chapters 2 and 6 I felt it was necessary to include the main alternative theories ofconsumer and company behaviour along with the neo-classical models. The book contains four chapters oftheory - 1, 2, 5 and 6 - and four chapters with theoretical and empirical applications - 3, 4, 7 and 8. Finally, chapter nine looks at choices made under conditions ofuncertainty. September 2002 P. Coto-Millan Preface to the First Edition Grateful acknowledgment is made to CICYT (Comision Interministerial de Ciencia y Tecnologia), National Plan R+D, Projects N-TXT96-2467 and N­ TXT98-1453 for its fmancial support. This text presents the economic theories on Utility and Production. In addition, such theories are used to explain the real problems of consumers and fIrms and several studies carried out by the author are displayed. Some collaboration by other professors of Economics is mentioned in the corresponding footnotes. The responsibility for errors and omissions, however, rests entirely upon the author. In chapters 1 and 4 of the book I try to present the theory of Utility and Production. Chapter 3 presents new functional forms and two empirical applications, on demand functions and systems. In chapters 2 and 5, the main theorems and properties presented in chapters 1 and 4 are applied.

✦ Table of Contents

Front Matter....Pages I-XII
Introduction....Pages 1-4
Front Matter....Pages 5-5
Theory of Utility and Consumer Behaviour: A Comprehensive Review of Concepts, Properties and the Most Significant Theorems....Pages 7-23
Alternative Theories of Consumer Behaviour....Pages 25-47
Main Forms of Utility Functions....Pages 49-69
Study of the Econometric Applications: Demand Functions and Systems....Pages 71-90
Front Matter....Pages 91-91
Theory of Production, Cost and Behaviour of the Firm: A Comprehensive Reformulation....Pages 93-129
Alternative Theories on Companies....Pages 131-143
Main Forms of Production and Cost Functions....Pages 145-168
Study on Econometric Applications: Production and Cost Functions....Pages 169-187
Front Matter....Pages 189-189
Utility, Production and Uncertainty....Pages 191-202
Back Matter....Pages 203-203

✦ Subjects

Microeconomics; Econometrics