In economics, the isoelastic function for utility, also known as the isoelastic utility function, or power utility function, is used to express utility...
7 KB (894 words) - 18:26, 20 March 2025
In mathematical economics, an isoelastic function, sometimes constant elasticity function, is a function that exhibits a constant elasticity, i.e. has...
4 KB (568 words) - 18:04, 25 January 2024
preference relation has properties 1–5, then the function w must be the isoelastic function: c 1 − η − 1 1 − η {\displaystyle {\frac {c^{1-\eta }-1}{1-\eta }}}...
25 KB (3,259 words) - 17:05, 22 June 2025
price rises to infinity even though quantity approaches zero. See Isoelastic function.) Perfect P-elasticity of Q: P is constant as Q changes Perfect P-inelasticity...
32 KB (4,329 words) - 07:42, 30 June 2025
Utility (redirect from Utility function)
these imply various alternative utility functions such as: CES (constant elasticity of substitution). Isoelastic utility Exponential utility Quasilinear...
34 KB (4,605 words) - 03:32, 30 June 2025
Constant elasticity of substitution (redirect from CES production function)
the isoelastic utility function is a cardinal utility function that represents preferences on lotteries. A CES indirect (dual) utility function has been...
12 KB (1,891 words) - 11:37, 15 June 2025
Hyperbolic absolute risk aversion (redirect from HARA utility function)
function, the exponential utility function, and the isoelastic utility function. A utility function is said to exhibit hyperbolic absolute risk aversion...
9 KB (1,213 words) - 20:37, 6 March 2025
Homothetic preferences (redirect from Homothetic function (economics))
form for within period utility (also called the power utility or isoelastic utility). The reason is that, in combination with additivity over time...
5 KB (769 words) - 03:25, 18 October 2024
Exponential utility (redirect from Exponential utility function)
This feature explains why the exponential utility function is considered unrealistic. Though isoelastic utility, exhibiting constant relative risk aversion...
7 KB (1,195 words) - 17:09, 26 January 2023
function, e.g., the slanted line Q ( P ) = 3 P − 6 {\displaystyle Q(P)=3P-6} , and 2) the constant-elasticity supply function (also called isoelastic...
36 KB (4,848 words) - 10:45, 26 May 2025
utility index. Importantly, unlike von Neumann–Morgenstern utility functions (e.g. isoelastic utility), Epstein–Zin preferences allow the elasticity of intertemporal...
3 KB (455 words) - 14:05, 2 February 2024
utility functions of divisible goods. These functions are commonly used as examples in consumer theory. The functions are ordinal utility functions, which...
4 KB (203 words) - 20:20, 31 May 2025
disentangled from the coefficient of relative risk aversion. The isoelastic utility function u ( c ) = c 1 − ρ − 1 1 − ρ {\displaystyle u(c)={\frac {c^{1-\rho...
40 KB (5,269 words) - 16:16, 27 June 2025
test. Strain gauges that are not self-temperature-compensated (such as isoelastic alloy) can be temperature compensated by use of the dummy gauge technique...
28 KB (3,842 words) - 06:46, 11 June 2025
^{t}u(c_{t}^{vol})} and solving for λ {\displaystyle \lambda } For the case of isoelastic utility, given by u ( c t ) = c t 1 − θ − 1 1 − θ {\displaystyle u(c_{t})={\frac...
14 KB (2,057 words) - 07:46, 5 April 2025