Keywords

#homothetic_preferences

Homothetic preferences

In consumer theory, a consumer's preferences are called homothetic if they can be represented by a utility function which is homogeneous of degree 1. For example, in an economy with two goods , homothetic preferences can be represented by a utility function that has the following property: for every :

Sat 12th

Provided by Wikipedia

Learn More

This keyword could refer to multiple things. Here are some suggestions:

Homothetic preferences Homothetic Convex preferences Gorman polar form Constant elasticity of substitution Utility Sonnenschein–Mantel–Debreu theorem Dixit–Stiglitz model Aggregation problem Diacritic
0 searches
This keyword has never been searched before
This keyword has never been searched for with any other keyword.