Journal of Economic Theory and Econometrics: Journal of the Korean Econometric Society
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Journal of Economic Theory and Econometrics
JETEM/계량경제학보/計量經濟學報/JKES
Journal of the Korean Econometric Society

Concavity, Partial Concavity and Quasiconcavity: Characterizations by Modularity and Homogeneity

Vol.36, No.2, June , 31–58



  •   (Ewha Womans University)

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Abstract  

We study the interrelationships among concavity and weaker concavity notions of multi-variable functions, with or without differentiability. We show that modularity and homogeneity play central roles. Our characterizations offer illuminations on the nature of and the linkages among these function properties, and can be used in establishing economically meaningful results without appealing to derivatives.


Keywords
   Quasiconcavity, modularity, marginal rate of substitution, marginal utility, marginal productivity.

JEL classification codes
   C60, D11, D24.
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