Utility and Production Theory and Applications
This book is different from the first edition. There are three entirely new chapters: 2,6 and 9. I have also included new sections in chapters 1,4 and 8. Moreover, the remaining chapters, 3, 5 and 7, have been revised and updated. In chapters 2 and 6 I fe
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Contributions to Economics http://www.springer.de/cgi-bin/search_book.pl?series=1262 Georg Bol/Gholamreza Nakhaeizadeh/ Karl-Heinz Vollmer (Eds.) Risk Measurements, Econometrics and Neural Networks 1998. ISBN 3-7908-1152-1
Katharina MuÈller/Andreas Ryll/ Hans-JuÈrgen Wagener (Eds.) Transformation of Social Security: Pensions in Central-Eastern Europe 1999. ISBN 3-7908-1210-2
Joachim Winter Investment and Exit Decisions at the Plant Level 1998. ISBN 3-7908-1154-8
Stefan Traub Framing Effects in Taxation 1999. ISBN 3-7908-1240-4
Bernd Meyer Intertemporal Asset Pricing 1999. ISBN 3-7908-1159-9 Uwe Walz Dynamics of Regional Integration 1999. ISBN 3-7908-1185-8 Michael Carlberg European Monetary Union 1999. ISBN 3-7908-1191-2 Giovanni Galizzi/ Luciano Venturini (Eds.) Vertical Relationships and Coordination in the Food System 1999. ISBN 3-7908-1192-0 Gustav A. Horn/Wolfgang Scheremet/ Rudolf Zwiener Wages and the Euro 1999. ISBN 3-7908-1199-8 Dirk Willer The Development of Equity Capital Markets in Transition Economies 1999. ISBN 3-7908-1198-X Karl Matthias Weber Innovation Diffusion and Political Control of Energy Technologies 1999. ISBN 3-7908-1205-6
Pablo Coto-MillaÂn Utility and Production 1999. ISBN 3-7908-1153-X Frank Riedel Imperfect Information and Investor Heterogeneity in the Bond Market 2000. ISBN 3-7908-1247-1 Kirsten Ralf Business Cycles 2000. ISBN 3-7908-1245-5 Michele Bagella/Leonardo Becchetti (Eds.) The Competitive Advantage of Industrial Districts 2000. ISBN 3-7908-1254-4 Frank Bohn Monetary Union and Fiscal Stability 2000. ISBN 3-7908-1266-8 Jaime Behar Cooperation and Competition in a Common Market 2000. ISBN 3-7908-1280-3 Michael Malakellis Integrated Macro-Micro-Modelling Under Rational Expectations 2000. ISBN 3-7908-1274-9
Heike Link et al. The Costs of Road Infrastructure and Congestion in Europe 1999. ISBN 3-7908-1201-3
Stefan BaumgaÈrtner Ambivalent Joint Production and the Natural Environment 2000. ISBN 3-7908-1290-0
Simon Duindam Military Conscription 1999. ISBN 3-7908-1203-X
Henri Capron, Wim Meeusen (Eds.) The National Innovation System of Belgium 2000. ISBN 3-7908-1308-7
Bruno Jeitziner Political Economy of the Swiss National Bank 1999. ISBN 3-7908-1209-9 Irene Ring et al. (Eds.) Regional Sustainability 1999. ISBN 3-7908-1233-1
Tobias Miarka Financial Intermediation and Deregulation 2000. ISBN 3-7908-1307-9 Chisato Yoshida Illegal Immigration and Economic Welfare 2000. ISBN 3-7908-1315-X continued on page 203
Pablo Coto-Milhin
Utility and Production Theory and Applications Second Edition
With 26 Figures and 13 Tables
Springer-Verlag Berlin Heidelberg GmbH
Series EdÎtors Wcmcr A. Miillcr Martina Bihn
Author Professor Pablo COlo-MiHan Univcrsity of Cantabria Depanment of Economics Avda. Los Castros sin. 39005 Santandcr Spain cotop @unican.cs
ISSN 143 1- 1933 ISBN 978-3-7908-1423-1 Catalog;og-;n-Publication Data applicd for Oie 1)euth ysica_V~rlag Hcidclbcrg in 2003
(:1 Spring~r-Vcllag
The useof general dC$Cripti,·~ n:unes. rcg.istered namcs. tradcmart.:s. etc. in this
