Abstract
This chapter has been divided into three big sections in which we present the main functional forms of the utility functions: Cobb-Douglas, CES and quasi-linear. Each of these functional forms, and therefore, each section, has been developed according to the exposure in the previous chapter. Thus, firstly, we obtain the Marshallian and Hicksian demand functions in every functional specification, to follow with the indirect and cost utility functions. Moreover, in the Cobb-Douglas functional form, we obtain expenditure-share functions, Engel curves and elasticities. In the CES functional form, we go even further and prove CES demand system restrictions. And finally, in the quasi-linear functional form, a similar exposure to that developed for the CES is presented.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2003 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Coto-Millán, P. (2003). Main Forms of Utility Functions. In: Utility and Production. Contributions to Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-57330-9_4
Download citation
DOI: https://doi.org/10.1007/978-3-642-57330-9_4
Publisher Name: Physica, Heidelberg
Print ISBN: 978-3-7908-1423-1
Online ISBN: 978-3-642-57330-9
eBook Packages: Springer Book Archive