In economics, a budget constraint represents all the combinations of goods and services that a consumer may purchase given current prices within their...

In economics and finance, an intertemporal budget constraint is a constraint faced by a decision maker who is making choices for both the present and...

last year's debt and this year's total deficit, using the government budget constraint: D t = ( 1 + r ) D t − 1 + G t − T t . {\displaystyle...

the budget constraint (a straight line). The graph shows an initial budget constraint BC1 with resulting choice at tangency point A, and a new budget constraint...

1) Check if Walras's law is satisfied 2) 'Bang for buck' 3) the budget constraint 4) Check for negativity Walras's law states that if a consumers preferences...

Budget line may refer to A line or item within a budget Budget constraint, a limit to consumer purchases Value brand, a lower-priced product This disambiguation...

sales tax. Like budget incidence, differential incidence can be studied in a closed model in which the government budget constraint is always satisfied...

change in budget constraint we can never be sure to what extent the change in behavior was due to the change of price or budget constraint and how much...

their expenditures), by maximizing utility subject to a consumer budget constraint. Factors influencing consumers' evaluation of the utility of goods...

budget constraint. In other words, it refers to the amount of consumption that would be chosen by a person so rich that money imposed no constraint on...