| ID | 364450 |
| Title Proper | The transformation path and its use in delimiting the class of admissible utility functions |
| Other Title Information | Dept. of Economics, Univ. of Pittsburgh, Working Paper No. 53, January 1977 |
| Language | ENG |
| Author | Wichers, C. Robert |
| Summary / Abstract (Note) | In real life, indivisibilities make the consumer trade in discrete steps - he first buys all the bread he needs, then all the tobacco he needs, and so on. In economic theory, where commodities are traditionally assumed to be perfectly divisible, the consumer may be take to trade along a continuous curve. This curve, which connects the initial endowment with the final endowment will be called the transformation path. |
| `In' analytical Note | In Hooley, Richard: Productivity measurement in Asian countries: paper delivered at the Asian Productivity Organization, Second Productivity Workshop held in Bangkok, December 5-12, 1975. [Dept. of Economics, Univ. of Pittsburgh, Working Paper No. 50] Pittsburgh, Pennsylvania. Department of Economics, University of Pittsburgh, 1975. |
| Key Words | Transformation path ; Utility functions |