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Indirect utility function

In 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 p {\displaystyle p} of goods prices and an amount of income w {\displaystyle w} . It reflects both the consumer's preferences and market conditions.

Indirect utility and expenditure & Overview

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Indirect utility and expenditure

Expenditure function
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EconomicsUtilityIncomeUtility maximization problemHomogenous
7 related topics

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Indirect utility and expenditure

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Indirect utility function

Nodes11
Edges10
Triples40
Avg. degree1.82
Density0.181818
Components1

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Indirect utility function

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related to Further reading · 34
Indirect utility function → Advanced Microeconomic Theory, Andreu, Basic Principles, Cambridge University Press, Cornes, David, Direct, Dryden Press, Duality, Extensions, Green, Harlow, Hinsdale, Indirect Utility Functions, Individual Consumer Behavior, ISBN, Jehle, Jerry, Luenberger, Mas-Colell
related to Example · 4
Indirect utility function → Cobb-Douglas, Let's, Marshallian, The
is a · 1
Indirect utility function → inverse of the expenditure function when the prices are kept constant
related to Indirect utility and expenditure · 1
Indirect utility function → The

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utility function indirect displaystyle prices consumer's income isbn goods pp consumer vector demand functions microeconomic theory quantities preferences bundle economics

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SubjectPredicateObjectConfidenceSrc
Indirect utility functionis ainverse of the expenditure function when the prices are kept constant0.90text
Indirect utility functionrelated to ExampleLet's0.60section
Indirect utility functionrelated to ExampleCobb-Douglas0.60section
Indirect utility functionrelated to ExampleMarshallian0.60section
Indirect utility functionrelated to ExampleThe0.60section
Indirect utility functionrelated to Further readingCornes0.60section
Indirect utility functionrelated to Further readingRichard0.60section
Indirect utility functionrelated to Further readingIndividual Consumer Behavior0.60section
Indirect utility functionrelated to Further readingDirect0.60section
Indirect utility functionrelated to Further readingIndirect Utility Functions0.60section
Indirect utility functionrelated to Further readingDuality0.60section
Indirect utility functionrelated to Further readingModern Economics0.60section

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