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Journal of Economic Theory and Econometrics
Journal of the Korean Econometric Society
Concavity, Partial Concavity and Quasiconcavity: Characterizations by Modularity and Homogeneity
Vol.36, No.2, June 2025, 31–58
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Sung Hyun Kim
(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.
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Keywords
Quasiconcavity, modularity, marginal rate of substitution, marginal utility, marginal productivity. |
JEL classification codes
C60, D11, D24. |
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