the expenditure function gives the minimum amount of money an individual needs to spend to achieve some level of utility, given a utility function and...

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

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

demand function or compensated demand function for a good is their quantity demanded as part of the solution to minimizing their expenditure on all goods...

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 (...

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...

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...

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

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...

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

indexes. 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...

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

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

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

+ 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...

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

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...

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...

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\;...

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...

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

the structuring on new firms to rebuild national economies. expenditure function Any function which gives the minimum amount of money an individual needs...

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...

for Public Expenditure, National Development Plan Delivery and Reform. The department was established in July 2011, and took over the functions of Public...

Basal metabolic rate (BMR) is the rate of energy expenditure per unit time by endothermic animals at rest. It is reported in energy units per unit time...

}}p_{1}x_{1}+p_{2}x_{2}=m\}{\mbox{ for }}i=1,2.} Now define the optimal expenditure function E ( p 1 , p 2 , m ) = p 1 x 1 ∗ ( p 1 , p 2 , m ) + p 2 x 2 ∗ ( p...

The Minister for Public Expenditure, National Development Plan Delivery and Reform (Irish: An tAire Caiteachais Phoiblí, Seachadta ar an bPlean Forbartha...

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...