Consumer's Utility with Cash-in-Advance Constraint, Maximization of a Concave Problem

Author
Oguz Tolga Celik, Unal Ege Gaznepoglu
View Count
2254
License
Creative Commons CC BY 4.0
Abstract

We would like to focus on a popular macroeconomics problem called Utility Maximization, where the goal is to maximize the happiness of a consumer.

Consumer's Utility with Cash-in-Advance Constraint, Maximization of a Concave Problem