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词汇 Quasilinear utility
分类 英语词汇 英语翻译词典
释义

Quasilinear utility

英语百科

Quasilinear utility

In economics and consumer theory, quasilinear utility functions are linear in one argument, generally the numeraire. This utility function has the representation u(x_1, x_2, \ldots, x_n) = x_1 +  \theta (x_2, \ldots, x_n). If \theta is concave, this has the interpretation that the marginal rate of substitution is diminishing, which is typical of a utility function.

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