Category
page 1Utility function types
substitute good
economics concept of goods considered interchangeable
complementary good
economic concept of a good whose demand is directly tied to another good's demand
Cobb–Douglas production function
macroeconomic formula that describes productivity
Constant elasticity of substitution
concept in economics
indirect utility function
function
quasilinear utility
function linear in one argument (generally the numeraire), used in economics and consumer theory
independent goods
goods that are neither complements nor substitutes
lexicographic preferences
economics term
Homothetic preferences
Characteristic in consumer theory
Convex preferences
concept in economics