The concept of intertemporal substitution refers to the replacement of the consumption of a good or service at one point in time by consumption at a different time.
An economics term denoting a production function or utility function with a constant elasticity of substitution between inputs.
An exploration of the way consumers choose how to use their incomes.
The analysis of rational decision-making involving choices with known and uncertain outcomes, and the optimization of utility functions.
Definition and in-depth analysis of the term 'gambling' in economics
The concept and application of the indirect utility function in Economics
A dictionary entry describing the concept and implications of a separable utility function in economics.
Definition and Meaning of the Utility Function in Economics
Definition and Meaning of the Utility Function in Economics
