economics, a consumer's indirect utility function v ( p , w ) {\displaystyle v(p,w)} gives the consumer's maximal attainable utility when faced with a vector...

of the indirect utility concept is the notion of the utility of money. The (indirect) utility function for money is a nonlinear function that is bounded...

demand. The indirect utility function can be calculated by substituting the demands x j {\displaystyle x_{j}} into the utility function. Define the constant...

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

form for indirect utility functions in economics. Standard consumer theory is developed for a single consumer. The consumer has a utility function, from...

} where v ( p , w ) {\displaystyle v(p,w)} is the indirect utility function (which gives the utility level of having a given wealth under a fixed price...

(Marshallian) demand function to the derivatives of the indirect utility function. Specifically, denoting the indirect utility function as v ( p , w ) , {\displaystyle...

substitution (CES) is a common specification of many production functions and utility functions in neoclassical economics. CES holds that the ability to substitute...

lifetime. The indirect utility function is a function of commodity prices and the consumer's income or budget. Indirect utility function v(p, w) where...

fixed utility level u {\displaystyle u} given by maximizing utility at the original price and income, formally given by the indirect utility function v (...

quasilinear utility functions are linear in one argument, generally the numeraire. Quasilinear preferences can be represented by the utility function u ( x...

equivalent to the indirect utility function. In a problem of optimal control, the value function is defined as the supremum of the objective function taken over...

curve for each good is linear. Furthermore, the indirect utility function can be written as a linear function of wealth w {\displaystyle w} : v ( p x , p...

x_{i}^{m}(\mathbf {p} ,M)={\frac {M}{Np}}} From this we can see that the indirect utility function will have the form v ( p , x i m ) = ( ∑ i = 1 N ( M N p ) σ −...

which gives a relationship between an indirect utility function and a corresponding Marshallian demand function. Hotelling's lemma Convex preferences...

by but endogenous to the price. Equivalently, in terms of the indirect utility function ( v ( ⋅ , ⋅ ) {\displaystyle v(\cdot ,\cdot )} ), v ( p 0 , w...

Indirect costs are costs that are not directly accountable to a cost object (such as a particular project, facility, function or product). Like direct...

marginal utility per unit of income from spending his additional income on either good. Holding prices fixed, if we define the indirect utility function as...

choice theory, a social welfare function—also called a social ordering, ranking, utility, or choice function—is a function that ranks a set of social states...

under the umbrella of indirect procurement are commonly bought for consumption by internal stakeholders (business units or functions) rather than the external...

integrability of demand functions deals with recovering a utility function (that is, consumer preferences) from a given walrasian demand function. The "integrability"...

) = v ( p , w ) {\displaystyle f^{*}(\theta )=v(p,w)} is the indirect utility function and C ∗ ( θ ) = x ( p , w ) {\displaystyle C^{*}(\theta )=x(p...

^{i})\implies W(q;\alpha ^{i'})\geq W(q';\alpha ^{i'})} where W is the indirect utility function. An important result extends the median voter theorem, which states...

that uses an expenditure function such as one used in assessing expected compensating variation. The expected indirect utility is equated in both periods...

for the best dissertations in Bayesian analysis. Loss function Friedman–Savage utility function Friedman, Milton; Friedman, Rose (1998). Two Lucky People:...

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

substitutes preferences: Goods are substitutes if and only if the indirect utility function is submodular. Ausubel and Milgrom (2006a, 2006b) exposit and...

decisions to maximise their utility. While utility maximisation was not a controversial assumption, the underlying utility functions could not be measured with...

quantity), the higher level of utility will be achieved, see figure 3. Perfect substitutes have a linear utility function and a constant marginal rate of...

Kernel Mailing List archive. Retrieved 20 July 2024. "AMD64 Technology Indirect Branch Control Extension" (PDF) (White paper). Revision 4.10.18. Advanced...