Seminar 2-Expenditure function and Substitution effects.out

\BOOKMARK [1][-]{section.1}{Jehle\040&\040Reny\0401.38\040-\040Properties\040of\040the\040Expenditure\040Function}{}% 1
\BOOKMARK [2][-]{subsection.1.1}{e\(p,\040u\)\040is\040zero\040when\040u\040takes\040on\040the\040lowest\040level\040of\040utility\040in\040U}{section.1}% 2
\BOOKMARK [2][-]{subsection.1.2}{e\(p,\040u\)\040is\040continuous\040on\040its\040domain\040Rn++\040U,}{section.1}% 3
\BOOKMARK [2][-]{subsection.1.3}{For\040all\040p\0400,\040e\(p,\040u\)\040is\040strictly\040increasing\040in\040u\040and\040unbounded\040above\040in\040u,}{section.1}% 4
\BOOKMARK [2][-]{subsection.1.4}{e\(p,\040u\)\040is\040increasing\040in\040p,}{section.1}% 5
\BOOKMARK [2][-]{subsection.1.5}{e\(p,\040u\)\040is\040homogeneous\040of\040degree\0401\040in\040p,}{section.1}% 6
\BOOKMARK [2][-]{subsection.1.6}{e\(p,\040u\)\040is\040concave\040in\040p.}{section.1}% 7
\BOOKMARK [2][-]{subsection.1.7}{\376\377\000I\000f\000\040\000u\000\050\000.\000\051\000\040\000i\000s\000\040\000a\000l\000s\000o\000\040\000s\000t\000r\000i\000c\000t\000l\000y\000\040\000q\000u\000a\000s\000i\000c\000o\000n\000c\000a\000v\000e\000,\000\040\000w\000e\000\040\000h\000a\000v\000e\000\040\000S\000h\000e\000p\000h\000a\000r\000d\040\031\000s\000\040\000l\000e\000m\000m\000a\000:\000\040\000e\000\050\000p\000,\000\040\000u\000\051\000\040\000i\000s\000\040\000d\000i\000f\000f\000e\000r\000e\000n\000t\000i\000a\000b\000l\000e\000\040\000i\000n\000\040\000p\000\040\000a\000t\000\040\000\050\000p\0000\000,\000\040\000u\0000\000\051\000\040\000w\000i\000t\000h\000\040\000p\0000\000\040\0000\000,\000\040\000a\000n\000d\000\040\000e\000\050\000p\0000\000,\000\040\000u\0000\000\051\000p\000i\000\040\000=\000\040\000x\000h\000i\000\040\000\050\000p\0000\000,\000\040\000u\0000\000\051\000,\000\040\000\040\000\040\000\040\000\040\000i\000\040\000=\000\040\0001\000,\000\040\000.\000\040\000.\000\040\000.\000\040\000,\000\040\000n\000.}{section.1}% 8
\BOOKMARK [1][-]{section.2}{Jehle\040&\040Reny\0401.44\040-\040Inferior\040and\040Normal\040goods}{}% 9
\BOOKMARK [1][-]{section.3}{Jehle\040&\040Reny\0401.51\040-\040Substitues\040and\040Complements}{}% 10
\BOOKMARK [2][-]{subsection.3.1}{Compute\040the\040demand\040functions,\040xi\(p1,\040p2,\040y\),\040\040i\040=\0401,\0402}{section.3}% 11
\BOOKMARK [2][-]{subsection.3.2}{Compute\040the\040substitution\040term\040in\040the\040Slutsky\040equation\040for\040the\040effects\040on\040x1\040of\040changes\040in\040p2}{section.3}% 12
\BOOKMARK [2][-]{subsection.3.3}{Classify\040x1\040and\040x2\040as\040\(gross\)\040complements\040or\040substitutes}{section.3}% 13