1 / 16

Homogeneous and Homothetic Functions

A function is said to be homogeneous of degree r, if multiplication of each of its independent variables by a constant j will alter the value of the function by the proportion jr, that is, if. Homogeneous functions. In general, j can take any value. In economic applications the constant j is usually taken to be positive.

Audrey
Download Presentation

Homogeneous and Homothetic Functions

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


    1. Homogeneous and Homothetic Functions

    2. Homogeneous functions

    6. Linear Homogeneity

    7. Properties of Linearly Homogeneous Functions

    10. Cobb-Douglas Production Function

    14. Homothetic Functions

    15. Homothetic Functions

    16. Elasticity of Substitution

    17. Elasticity of Substitution

More Related