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constant elasticity-of-substitution utility function

См. также в других словарях:

  • Constant elasticity of substitution — In economics, Constant elasticity of substitution (CES) is a property of some production functions and utility functions. More precisely, it refers to a particular type of aggregator function which combines two or more types of consumption, or… …   Wikipedia

  • Elasticity of substitution — is the elasticity of the ratio of two inputs to a production (or utility) function with respect to the ratio of their marginal products (or utilities). It measures the curvature of an isoquant.Mathematical definitionLet the utility over… …   Wikipedia

  • Utility — This article is about the economic concept. For other uses, see Utility (disambiguation). Part of a series on Utilitarianism …   Wikipedia

  • Cobb–Douglas production function — A two input Cobb–Douglas production function In economics, the Cobb–Douglas f form of production functions is widely used to represent the relationship of an output to inputs. Similar functions were originally used by Knut Wicksell (1851–1926),… …   Wikipedia

  • Elasticity (economics) — Economics …   Wikipedia

  • Isoelastic utility — In economics, the isoelastic function for utility, also known as the isoelastic utility function, constant relative risk aversion utility function, or power utility function, is used to express utility in terms of consumption or some other… …   Wikipedia

  • Cobb-Douglas — In economics, the Cobb Douglas functional form of production functions is widely used to represent the relationship of an output to inputs. It was proposed by Knut Wicksell (1851 1926), and tested against statistical evidence by Charles Cobb and… …   Wikipedia

  • Indifference curve — In microeconomic theory, an indifference curve is a graph showing different bundles of goods, each measured as to quantity, between which a consumer is indifferent. That is, at each point on the curve, the consumer has no preference for one… …   Wikipedia

  • ICES Intertemporal Computable Equilibrium System — affects regional and world economies. The model has been developed at the Climate Change Modelling and Policy Research Programme of the Fondazione Eni Enrico Mattei – FEEM, a research institution in the field of sustainable development.… …   Wikipedia

  • Risk aversion — is a concept in psychology, economics, and finance, based on the behavior of humans (especially consumers and investors) while exposed to uncertainty. Risk aversion is the reluctance of a person to accept a bargain with an uncertain payoff rather …   Wikipedia

  • Consumer choice — Economics …   Wikipedia

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