In economics, especially in consumer theory, a Leontief utility function is a function of the form: u ( x 1 , … , x m ) = min { x 1 w 1 , … , x m w m }...

Segal-Halevi, Suksompong study donor coordination assuming donors have Leontief utilities. This is motivated by funding charities, where it is reasonable that...

and 1 unit of CPU. Thus, the utility functions (=number of tasks), denoting RAM by r and CPU by c, are Leontief utilities: u A ( r , c ) = min ( r , c...

receiving x1,...,xm resources is minj(xj/dj), that is, the users have Leontief utilities. The demand-vectors are normalized to fractions of the capacities...

w_{y}}\right)^{\!r}\ \right)^{\!1/r}=au(x,y)} Linear utilities, Leontief utilities and Cobb–Douglas utilities are special cases of CES functions and thus are...

\left({\frac {x_{1}}{w_{1}}},\dots ,{\frac {x_{n}}{w_{n}}}\right)} (Leontief utilities) max ( x 1 w 1 , … , x n w n ) {\displaystyle \max \left({\frac {x_{1}}{w_{1}}}...

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(the consumer theory equivalent to the Expansion path) of a series of Leontief utility curves. In Figure 1, the consumer would rather be on I3 than I2, and...

and 2. Consider a preference relation represented by the following Leontief utility function: u ( x 1 , x 2 ) = min ( x 1 , x 2 ) {\displaystyle u(x_{1}...

the problem of finding a competitive equilibrium in an economy with Leontief utilities. A zero-sum game is a special case of a bimatrix game in which A +...

based upon the respective marginal utilities of the goods that they have or desire (with these marginal utilities being distinct for each potential trader)...

bundles, ordinal utilities are only the rankings of utilities received from different bundles of goods or services. For example, ordinal utility could tell...

(whereas continuity is used to set aside lexicographic or infinitesimal utilities). Completeness assumes that an individual has well defined preferences:...

with Leontief utilities - a special case of PLC utilities. Chen, Dai, Du and Teng proved PPAD-hardness in an Arrow-Debreu market with SPLC utilities. Their...

weakly monotonic but not strongly monotonic are those represented by a Leontief utility function. If an agent has monotone preferences which means the marginal...

PEEF allocation: The total endowment is (4,2). Alice and Bob have Leontief utilities, representing complementary goods: u A ( x , y ) = u B ( x , y ) =...

illustrated by the figure. Such preferences can be represented by a Leontief utility function. Few goods behave as perfect complements. One example is a...

exhibits constant elasticity of substitution between capital and labor. Leontief, linear and Cobb–Douglas functions are special cases of the CES production...

{\displaystyle M} = materials and supplies, and Y {\displaystyle Y} = output. Leontief production function Production–possibility frontier Production theory Cobb...

SSRN 941126. {{cite journal}}: Cite journal requires |journal= (help) The benefit of utilities: a plausible explanation for small risky parts in the portfolio...

variable, finding a CE is PPAD-hard even for Leontief utilities, which are a special case of PLC utilities (when n is constant but m is variable, it was...

solution—maximizing the product of utilities. For η = 1 {\displaystyle \eta =1} we get the utilitarian welfare function—maximizing the sum of utilities. The limit when η...

etc. Although some utilities, such as electricity and communications service providers, exclusively provide services, other utilities deliver physical goods...

input–output models pioneered by Wassily Leontief, but assign a more important role to prices. Thus, where Leontief assumed that, say, a fixed amount of labour...

Fellow at the British Academy In 2010, he received the Tufts University, Leontief Prize In 2011, he became a Distinguished Fellow of The American Economic...

a special case of the Gorman form. Particularly: linear, Leontief and Cobb-Douglas utilities are homothetic and thus have the Gorman form. To prove that...

based upon the respective marginal utilities of the goods that they have or desire (with these marginal utilities being distinct for each potential trader)...

the Second World War." He cites Samuelson on Joseph Schumpeter, Wassily Leontief, Gottfried Haberler, and Alvin Hansen in "teach[ing] him modern economic...

will obtain additional units of a good or service depends on the marginal utility of the product. These marginal concepts are used to theorise various market...

of income (distributive efficiency) but not the distribution of final utilities. In normative terms, such authors were writing in the Benthamite tradition...