Utility and Production

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.

Includes supplementary material: sn.pub/extras

Inhalt
I: Utility and Consumer Demand Analysis.- 1 Theory of Utility and Consumer Behaviour: A Comprehensive Review of Concepts, Properties and the Most Significant Theorems.- 2 Alternative Theories of Consumer Behaviour.- 3 Main Forms of Utility Functions.- 4 Study of the Econometric Applications: Demand Functions and Systems.- II: Production and Firm Supply Analysis.- 5 Theory of Production, Cost and Behaviour of the Firm: A Comprehensive Reformulation.- 6 Alternative Theories on Companies.- 7 Main Forms of Production and Cost Functions.- 8 Study on Econometric Applications: Production and Cost Functions.- III: Uncertainty.- 9 Utility, Production and Uncertainty.