# 发展微观经济学 Development Microeconomics ECON60022T

0

$$Y=W(1-\alpha) e+F(\alpha A, \alpha e, \theta)-R \alpha A \leq \alpha F(A, e, \theta)$$
as $R \alpha A \geq W(1-\alpha) e$
and the landlord’s income by
\begin{aligned} \pi=& R \alpha A+F[(1-\alpha) A,(1-\alpha) e, \theta]-W(1-\alpha) e \ & \geq(1-\alpha) F(A, e, \theta), \text { as } R \alpha A \geq W(1-\alpha) e \end{aligned}

## ECON32202TCOURSE NOTES ：

$$Y=F(e, x)-\beta \mathrm{pz}+p(z-x)$$
and
$$\pi=(1-\alpha) F(e, x)-(1-\beta) p z$$
The tenant chooses $e$ and $x$, given $\alpha, \beta$, and $z$. Taking this behaviour into account the landlord decides on $\alpha, \beta$, and $z$. We can rewrite (10) and (11) as
$$Y=\alpha \theta F(e, x)-\mathrm{px}+K$$
and
$$\pi=(1-\alpha) F(e, x)-K$$