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Everything about Indirect utility function
Economic function
In economics, a consumer's indirect utility function gives the consumer's maximal attainable utility when faced with a vector of goods prices and an amount of income. It reflects both the consumer's preferences and market conditions. Wikipedia →
🧭 Start here: a 6-step reading path
- Read the overview: Indirect utility functionA 5-minute orientation
- Skim a recent paper: Measuring Price Risk Aversion through Indirect Utility Functions: A Laboratory ExperimentInfluential work since 2022
- Pick up a classic book: Political EconomyThe most-reprinted book on the subject
- Read the landmark paper: Duality between direct and indirect utility functions under minimal hypothesesCited 33 times
- Go sideways: Expenditure functionA closely related topic
- Go sideways: Marshallian demand functionA closely related topic
📖 Definitions
No dictionary entry for this exact phrase.
🗂️ The subject at a glance
🏆 Landmark papers (most cited)
Duality between direct and indirect utility functions under minimal hypotheses
Duality between direct and indirect utility functions
Direct and Indirect Trade Utility Functions
Behavioural response and form of the representative component of the indirect utility function in travel choice models
Global restrictions on the parameters of the CDES indirect utility function
Estimating the demand for risky assets via the indirect expected utility function
Achieving Representativeness of the Observable Component of the Indirect Utility Function in Logit Choice Models: An Empirical Revelation
Gender preference in China: A study with indirect utility function
🆕 Influential since 2022
📚 Books worth reading
Political EconomyCharles S. Devas · 1892
The Conspirators HierarchyJohn Coleman · 1992
Data structures and algorithms in JavaAdam Drozdek · 2001
Experimental approaches to phonologyPatrice Speeter Beddor, Manjari Ohala · 2007
Foundations of Multiattribute UtilityAli E. Abbas · 2017
Experimental approaches to phonologyMaria-Josep Solé, Patrice Speeter Beddor · 2007
History of the churchJohannes Alzog · 1912
Recursive Methods in Economic DynamicsNancy L. Stokey, Robert E. Lucas, Jr. · 1989
Ranked by number of editions on Open Library, a rough measure of how lasting a book is.
🔗 Related topics
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- Marshallian demand function In microeconomics, a consumer's Marshallian demand function (named after Alfred Marshall) is the quantity they demand of a particular good as a function…
- Income–consumption curve In economics and particularly in consumer choice theory, the income-consumption curve (also called income expansion path and income offer curve) is a curve…
- Independent goods Independent goods are goods that have a zero cross elasticity of demand. Changes in the price of one good will have no effect on the demand for an independent…
- Local nonsatiation In microeconomics, the property of local nonsatiation (LNS) of consumer preferences states that for any bundle of goods there is always another bundle…
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- Roy's identity Roy's identity (named after French economist René Roy) is a major result in microeconomics having applications in consumer choice and the theory of the…
- Utility In economics, utility is a measure of a certain person's satisfaction from a certain state of the world. Over time, the term has been used with at least…