A remark on Samuelson's variational principle in economics

作者：Wu, Yue; He, Ji-Huan^*

来源：Applied Mathematics Letters, 2018, 84: 143-147.

DOI：10.1016/j.aml.2018.05.008

• Variational theory
• Lagrange multiplier
• Euler-Lagrange equation
• Conservation law

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.

• 出版日期2018-10
• 单位上海政法学院; 苏州大学