Search: in
Quasilinear utility
Quasilinear utility Encyclopedia
  Tutorials     Encyclopedia     Dictionary     Directory  
Quasilinear_utility Email this to a friend      Quasilinear_utility

Quasilinear utility

In economics and consumer theory, quasilinear utility functions are linear in one argument, generally the numeraire. Formally, for example, such a utility function could be written U(x,y) = u(x) + by, where b is a positive constant. Then if u'(x)>0 and u''(x)<0, the indifference curves are parallel. Because in standard consumer theory utility functions are ordinal, one may assume without loss of generality that b = 1.





Source: Wikipedia | The above article is available under the GNU FDL. | Edit this article



Related Links in Quasilinear utility

Search for Quasilinear utility in Tutorials
Search for Quasilinear utility in Encyclopedia
Search for Quasilinear utility in Dictionary
Search for Quasilinear utility in Open Directory
Search for Quasilinear utility in Store
Search for Quasilinear utility in PriceGig



Help build the largest human-edited directory on the web.
Submit a Site - Open Directory Project - Become an Editor

Advertisement

Advertisement



Quasilinear utility
Quasilinear_utility top Quasilinear_utility

Home - Add TutorGig to Your Site - Disclaimer

©2008-2009 TutorGig.com. All Rights Reserved. Privacy Statement