Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
8053526 | Applied Mathematics Letters | 2018 | 5 Pages |
Abstract
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.
Related Topics
Physical Sciences and Engineering
Engineering
Computational Mechanics
Authors
Yue Wu, Ji-Huan He,