A remark on Samuelson’s variational principle in economics

Yue Wu; Ji-huan He

doi:10.1016/j.aml.2018.05.008

A remark on Samuelson’s variational principle in economics

Applied Mathematics Letters 84: 143-147

Article 2018 English

Abstract

1 min read

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.

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