Identities for Homogeneous Utility Functions
Miguel Espinosa Farfan () and
Juan Prada Sarmiento ()
Economics Bulletin, 2012, vol. 32, issue 3, 2026-2034
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.
Keywords: Integrability; identities; homogeneous utility function; household theory (search for similar items in EconPapers)
JEL-codes: D1 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Working Paper: Identities For Homogeneous Utility Functions (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-12-00337
Access Statistics for this article
More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().