Sentence examples for expenditure function from inspiring English sources

This paper presents an application of the random expenditure function approach for welfare analysis in RUM with a non-linear income effect.

Thus, a V-shaped obsolescence function emerges that either may be explained by a fixed-cost renovation expenditure function or a vintage effect produced by the demand for surviving assets.

A series of tests of hotel brand-specific obsolescence rates reveals considerable variation in these rates among seasoned properties, perhaps an indication of a convex renovation expenditure function and sequential follow-on investment.

We investigate the demand for energy and the degree of substitutability among fossil fuels in the United States using the Normalized Quadratic (NQ) expenditure function and (to our knowledge) the longest span prices and quantities that have ever been studied before, from 1919 to 2012.

The standard GTAP model includes a non-standard constant difference of elasticity (CDE) expenditure function.

Under homotheticity, the form of the expenditure function is w = ψ(p f u).

Theory of the consumer and the implications of constrained maximization; uses of indirect utility and expenditure functions; theory of the producer, profit maximization, and cost minimization; behavior under uncertainty; partial equilibrium analysis and introduction to models of general equilibrium.

Theory of the consumer and the implications of constrained maximization; uses of indirect utility and expenditure functions; theory of the producer, profit maximization, and cost minimization; monotone comparative statics; behavior under uncertainty; partial equilibrium analysis and introduction to models of general equilibrium.

Private household consumption is explained by a constant difference elasticity (CDE) expenditure functions.

First, note that if preferences are such that individuals' expenditure functions takes a "separable" form e(p,u) = ψ(p f u), the equality index in location j is I j = ψ ( p j ) f ( u 1 ) ψ ( p j ) f ( u 0 ) = f ( u 1 ) f ( u 0 ), which does not depend on local prices.

Consider a population where each individual's weight change obeys equation (1) with their own individual intake and expenditure functions.