Time: 9h00, Wednesday, December 27, 2017
Location: Room 4, Building A14, Institute of Mathematics, 18 Hoang Quoc Viet, Cau Giay, Hanoi
Abstract: We study the budget map and the indirect utility function of a parametric consumer problem in a Banach space setting by some advanced tools from set-valued and variational analysis. The Lipschitz-likeness and differentiability properties of the budget map, as well as formulas for finding subdifferentials of the indirect utility function are obtained. Our investigation is mainly based on the paper by Mordukhovich [J. Global Optim. 28 (2004), 347--362] on coderivative analysis of variational systems and the paper of Mordukhovich, Nam, and Yen [Math. Program. 116 (2009), 369--396] on subgradients of marginal functions.