3: Optimal Choice — Read — Invisible Network

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3.1: Initial Solution
3.2: More Practice and Understanding Solver
3.3: Food Stamps
This chapter applies the consumer choice model to a real-world example. We will see that the model can be used to explain why someone would illegally sell food stamps. We also tackle an important policy question: If cash dominates food stamps, why not just help low-income people by giving them cash?
3.4: Cigarette Taxes

This page titled 3: Optimal Choice was last modified on Wed, 07 Jul 2021 16:56:46 GMT and is shared under a CC BY-SA 4.0 license and was authored, remixed, and/or curated by Humberto Barreto.

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