Jan 21, 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).

I 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).

Mar 24, 2015 · In Gali's book (chapter 3), the FOC of a firm is given by: $$(\\sum_{k=0}^\\infty \\theta^k E_k(Q_{t,t+k} Y_{t+k|t} (P_t^*/P_{t-1} - \\alpha MC_{t,t+k} \\beta_{t-1,t ...

May 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

Aug 25, 2015 · GHH Preferences: FOC. Ask Question Asked 9 years, 6 months ago. Modified 9 years, 6 months ago. Viewed 552 ...

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Dixit Stiglitz price index FOC? Ask Question Asked 5 years, 8 months ago. Modified 5 years, 7 months ago.

May 8, 2019 · Taking a variable as given comes from the assumptions of the model and cannot result from any optimisation problem (think simply that when a variable is taken as given it is treated as a constant in your problem so one cannot lead to the other).

Mar 19, 2022 · simplification of FOC. Ask Question Asked 2 years, 11 months ago. Modified 2 years, 11 months ago.