microeconomics, the expenditure function represents the minimum amount of expenditure needed to achieve a given level of utility, given a utility function and the...

utility target while minimizing expenditure? This is answered by the Hicksian demand function. Formally, the expenditure function is defined as follows. Suppose...

Hicksian demand function (or compensated demand function) represents the quantity of a good demanded when the consumer minimizes expenditure while maintaining...

In economics, the consumption function describes a relationship between consumption and disposable income. The concept is believed to have been introduced...

choice. The lemma states that if indifference curves of the expenditure or cost function are convex, then the cost-minimizing point of a given good (...

are a counterpart to direct expenditures, in that they both are forms of government spending. Tax expenditures function as subsidies for certain activities...

market, their income consumption curves and their Engel curves (expenditure as a function of income) should be parallel straight lines. This means that...

utility function is differentiable in all arguments. Roy's identity is akin to the result that the price derivatives of the expenditure function give the...

w^{0}),\quad i=1,\dots ,n.} The indirect utility function is the inverse of the expenditure function when the prices are kept constant. I.e, for every...

The value of the equivalent variation is given in terms of the expenditure function ( e ( ⋅ , ⋅ ) {\displaystyle e(\cdot ,\cdot )} ) as E V = e ( p 0...

special case of the Gorman polar form. The expenditure function is the inverse of the indirect utility function:: 112  e ( p , u ) = ( 1 / K ) ∏ i = 1 n...

population, which results in a smaller infrastructure and social expenditure) function as tax havens by imposing minimal taxes on the personal income of...

the world and their total expenditure on health per capita. Total expenditure includes both public and private expenditures. See also: Health spending...

index. A Konüs index is a type of cost-of-living index that uses an expenditure function such as one used in assessing expected compensating variation. The...

new prices and the old utility level. It is often written using an expenditure function, e(p,u): C V = e ( p 1 , u 1 ) − e ( p 1 , u 0 ) {\displaystyle CV=e(p_{1}...

Government spending or expenditure includes all government consumption, investment, and transfer payments. In national income accounting, the acquisition...

+ y r ) 1 / r . {\displaystyle u(x,y)=(x^{r}+y^{r})^{1/r}.} The expenditure function in this case is: e ( p x , p y , u ) = ( p x r / ( r − 1 ) + p y...

the following system of equations: Start with a linear aggregate-expenditure function: A E = A E 0 + b Y , 1 > b > 0 , {\displaystyle AE=AE_{0}+bY\;,\;1>b>0\;...

u))} where e ( p , u ) {\displaystyle e(\mathbf {p} ,u)} is the expenditure function, and u is the utility obtained by maximizing utility given p and...

Public Expenditure, Infrastructure, Public Service Reform and Digitalisation. The department was established in July 2011, and took over the functions of...

the utility function and Marshallian demand in the utility maximisation problem mirrors the relationship between the expenditure function and Hicksian...

items. Measure: Expenditure. Health function: Total. Health care provider: Total. Frequency of observation: Annual. Health function: All items. Mode...

The Minister for Public Expenditure, Infrastructure, Public Service Reform and Digitalisation (Irish: An tAire Caiteachais Phoiblí, Bonneagair, Athchóiriúcháin...

Stone–Geary function reduces to the generalised Cobb–Douglas function. The Stone–Geary utility function gives rise to the Linear Expenditure System. In...

estimate. The AIDS model is based on a first specification of a cost/expenditure function c(u,p): log ⁡ ( c ( u , p ) ) = α 0 + ∑ k α k log ⁡ ( p k ) + 1 2...

their applicability. In accounting, costs are the monetary value of expenditures for supplies, services, labor, products, equipment and other items purchased...

represents most, if not all measurements or estimates of daily energy expenditure. Indirect calorimetry is the study or clinical use of the relationship...

with households, firms and a government. Households maximize a utility function u h ( x h , z h ) {\displaystyle u^{h}(x^{h},z^{h})} , where x h {\displaystyle...

function. First, one recovers an expenditure function e ( p , u ) {\displaystyle e(p,u)} for the consumer. Then, with the properties of expenditure functions...

originally the Committee on Expenditures in the Executive Departments, created in 1927 to consolidate 11 separate Committees on Expenditures that had previously...