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  • 标题:Identities for Homogeneous Utility Functions
  • 本地全文:下载
  • 作者:Miguel A. Espinosa ; Juan D. Prada
  • 期刊名称:Economics Bulletin
  • 电子版ISSN:1545-2921
  • 出版年度:2012
  • 卷号:32
  • 期号:3
  • 页码:2026-2034
  • 出版社:Economics Bulletin
  • 摘要:Using a homogeneous and continuous utility function to represent a household's preferences, we show explicit algebraic ways to go from the indirect utility function to the expenditure function and from the Marshallian demand to the Hicksian demand and vice versa, without the need of any other function. This greatly simplifies the integrability problem, avoiding the use of differential equations. In order to get this result, we prove explicit identities between most of the different objects that arise from the utility maximization and the expenditure minimization problems.
  • 关键词:Integrability; identities; homogeneous utility function; household theory
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