A remark on Samuelson's variational principle in economics

被引:44
|
作者
Wu, Yue [1 ]
He, Ji-Huan [2 ]
机构
[1] Shanghai Univ Polit Sci & Law, Coll Econ & Management, 7989 Waiqingsong Rd, Shanghai 201701, Peoples R China
[2] Soochow Univ, Natl Engn Lab Modern Silk, Coll Text & Clothing Engn, 199 Ren Ai Rd, Suzhou 215123, Peoples R China
关键词
Variational theory; Lagrange multiplier; Euler-Lagrange equation; Conservation law; ALLOMETRIC SCALING LAWS; ASYMPTOTIC METHODS; CONSERVATION-LAWS; EQUATIONS; BIOLOGY; MODEL;
D O I
10.1016/j.aml.2018.05.008
中图分类号
O29 [应用数学];
学科分类号
070104 ;
摘要
A general derivation of Euler-Lagrange equation of Samuelson's variational principle in economics is elucidated without Lagrange multipliers, and the optimal solutions and prices can be determined easily. (C) 2018 Elsevier Ltd. All rights reserved.
引用
收藏
页码:143 / 147
页数:5
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