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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.

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Homogeneous and Homothetic Functions

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    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

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