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What are FOCs and SOCs? - Economics Stack Exchange
WEBJan 22, 2015 · For example when you are talking about profit maximization starting from a profit function $\pi(q)$, the main condition for a maximum is that: $$\frac{\partial \pi}{\partial q}=0$$ This is the foc (first order condition).
Economics.stackexchange.comFOC for King–Plosser–Rebelo preferences - macroeconomics
WEBI found the same foc in a paper from Ferede (Dynamic Scoring in the Ramsey Growth Model, here) and he says, that it is obtained by combining the first order conditions of the utility maximization with respect to capital and consumption (page 5).
Economics.stackexchange.comDeriving the Euler Equation - Economics Stack Exchange
WEBSep 4, 2015 · Now to get the Euler equation: If you take the derivative of that with respect to K_t+1 you will get your foc there. (This is the foc for the whole Lagrangian, because the derivative of U(C) with respect to K is 0 here, as any dependence of C on K is already in the constraint.) Your Euler equation involves 3 unknown variables: Ct, Ct+1 and Kt+1.
Economics.stackexchange.comoptimization - Contradictory FOC and maximizing solution
WEBFeb 19, 2021 · $\begingroup$ foc are \textit{necessary} for an inner optimum (can be a max or min or saddle) and SOC (often) allow to characterize the type of optimum. At the boundaries (when x go to 0 or 1) there can be a max (or a sup), a min (or an inf) with no foc being satisfied. $\endgroup$ –
Economics.stackexchange.comDeriving FOC in OLG model with Cobb Douglas utility
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Economics.stackexchange.comEquilibrium with Externalities: Solving without FOC
WEBMay 27, 2015 · If so, don't you just solve for ideal values of C and N, rather than solving for either parties foc? $\endgroup$ – RegressForward Commented May 28, 2015 at 14:57
Economics.stackexchange.comconsumer theory - FOC greater than 0 - Economics Stack Exchange
WEBFeb 28, 2023 · It's not quite possible to have "foc greater than 0", since the foc is a condition, not a number. What is really meant here is the derivative of the utility function. What is really meant here is the derivative of the utility function.
Economics.stackexchange.comutility - GHH Preferences: FOC - Economics Stack Exchange
WEBAug 25, 2015 · foc for King–Plosser–Rebelo preferences. 5. Interpretation of utility function. 2. Show that First
Economics.stackexchange.comFOC and Log Linerizations - Economics Stack Exchange
WEBfoc and Log Linerizations. Ask Question Asked 5 years, 8 months ago. Modified 5 years, 8 months ago
Economics.stackexchange.comsimplification of FOC - Economics Stack Exchange
WEBMar 19, 2022 · simplification of foc. Ask Question Asked 2 years, 5 months ago. Modified 2 years, 5 months ago. Viewed
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