Chapter微经剖析.ppt

Chapter Two Budget Constraint 预算约束 Structure of chapter 2 2.1 The definition and properties of budget constraint Algebra Graph 2.2. Changes in budget constraint 2.3. Government taxes and their effect on budget constraint. 2.1 The Budget constraint A consumption set （消费集, X） is the set of all consumption bundles （消费组合）that the consumer can conceive. What constrains consumption choice? Consumption Bundle A consumption bundle x=(x1, x2, … , xn) is a vector containing different quantities of each of the n commodities. Non negative constraint: x=(x1, … , xn) | xi 3 0. Budget Constrai