Lecture Notes on the Theory of Consumer and Producer Behavior

Authors

Marzio Galeotti
University of Milan image/svg+xml
https://orcid.org/0000-0002-5937-0589
DOI: https://doi.org/10.54103/milanoup.286
Keywords: consumer behavior, producer behavior, duality theory, preferences, technology, consumption, expenditure, utility, production, costs, profit

Synopsis

These notes present a fairly advanced treatment of the microeconomic theory of consumer and producer behavior. They are meant to satisfy to goals: on the one hand they could provide support material to Ph.D. students in Economics tackling their Microeconomics sequence, on the other hand they could provide a tool for researchers in Economics who would like to deepen their knowledge of the theory of consumer and producer decisions. One special feature of these notes is that they include both the standard analysis of consumer and producer behavior – as found in advanced microeconomics textbooks – and the so-called duality approach, which proves especially useful in applied and empirical work.

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Author Biography

Marzio Galeotti, University of Milan

Professor of Environmental and Energy Economics at the Università degli Studi di Milano. He graduated from Università Bocconi in Milan and holds a M.Phil. and a Ph.D. in Economics from New York University. He is Director of Scientific Research at Fondazione Eni Enrico Mattei (FEEM) in Milan, where previously was the coordinator of the Climate Change Modelling and Policy research program. He is Fellow of the Centre for Research on Geography, Resources, Environment, Energy & Networks (GREEN) at Università Bocconi of Milan and a Visiting Fellow at King Abdullah Petroleum Studies and Research Center (KAPSARC). He is Review Editor for Chapter 4 of the Sixth Assessment Report (AR6), IPCC WGIII, 2021. Founder and first President of the Italian Association of Environmental and Resource Economists (IAERE), he is a member of the scientific committee of Centro per un Futuro Sostenibile and of Fondazione Silvio Tronchetti Provera. he is a member of the editorial board of lavoce.info and of Economics and Policy of Energy and the Environment.

References

• Varian, Hal R. Intermediate Microeconomics. A Modern Approach (ninth edition). W. W. Norton & Company, 2014.

• Varian, Hal R. Microeconomic Analysis (third edition). W. W. Norton & Company, 2009.

• Mas-Colell, Andreu, Michael D. Whinston, and Jerry R. Green. Microeconomic Theory. Oxford University Press, 1995.

• Jehle, Geoffrey A., and Philip J. Reny. Advanced Microeconomic Theory (third edition). Prentice-Hall, 2011.

• Cowell, Frank A. Microeconomics. Principles and Analysis (second edition). Oxford University Press 2018.

• Chambers, Robert G. Applied Production Analysis: A Dual Approach. Cambridge University Press, 1988.

• Cornes, Richard. Duality and Modern Economics. Cambridge University Press, 1992.

• Deaton, Angus, and John Muellbauer. Economics and Consumer Behavior. Cambridge University Press, 2012.

Bookcover with title, author and a picture of two hands moving closer; one of them represents the "supply" and the other the "demand"
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Published
July 17, 2026
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Details about this monograph

ISBN-13 (15)
979-12-5510-389-9