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searching for Indirect utility function 4 found (21 total)

alternate case: indirect utility function

Quasilinear utility (929 words) [view diff] exact match in snippet view article find links to article

increases in response to an increase in the price of good x. The indirect utility function in this case is v ( p x , p 1 , . . p n , I ) = ( I − n p x p

Utility (4,601 words) [view diff] exact match in snippet view article find links to article

arisen, most of which omit or relax the independence axiom. An indirect utility function gives the optimal attainable value of a given utility function

Single-crossing condition (1,189 words) [view diff] exact match in snippet view article find links to article

^{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

Market design (4,191 words) [view diff] exact match in snippet view article find links to article

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