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 }...

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...

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

(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...

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

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

\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}}}...

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

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...

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

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

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

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...

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

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...

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

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}...

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 ) =...

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...

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 +...

leapfrogging lease Lehman wave lemon market lending Leontief paradox Leontief production function Leontief utilities leprechaun economics Distortion of national...

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...

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

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...

anything that is good, usually in the sense that it provides welfare or utility to someone. Goods can be contrasted with bads, i.e. things that provide...

typical utility functions of divisible goods. These functions are commonly used as examples in consumer theory. The functions are ordinal utility functions...

the result of Professor Wassily W. Leontief's attempt to test the Heckscher-Ohlin theory empirically. In 1954, Leontief found that the U.S. (the most capital-abundant...

table, etc. And although some utilities actually deliver physical goods — like water utilities that deliver water — utilities are usually treated as services...

(1934) sequential-move version of Cournot duopoly. Other examples include Leontief's (1946) monopoly-union model and Rubenstein's bargaining model. Lastly...