词条 | Stone–Geary utility function |
释义 |
The Stone–Geary utility function takes the form where is utility, is consumption of good , and and are parameters. For , the Stone–Geary function reduces to the generalised Cobb–Douglas function. The Stone–Geary utility function gives rise to the Linear Expenditure System,[1] in which the demand function equals where is total expenditure, and is the price of good . The Stone–Geary utility function was first derived by Roy C. Geary,[2] in a comment on earlier work by Lawrence Klein and Herman Rubin.[3] Richard Stone was the first to estimate the Linear Expenditure System.[4] References1. ^{{cite book |first=Hal |last=Varian |authorlink=Hal Varian |title=Microeconomic Analysis |location=New York |publisher=Norton |edition=Third |year=1992 |isbn=0-393-95735-7 |pages=210–213 [p. 212] |chapter=Estimating consumer demands |chapterurl=https://books.google.com/books?id=m20iQAAACAAJ&pg=PA210 }} 2. ^{{cite journal |first=Roy C. |last=Geary |title=A Note on ‘A Constant-Utility Index of the Cost of Living’ |journal=Review of Economic Studies |volume=18 |issue=2 |pages=65–66 |year=1950 |jstor=2296107 }} 3. ^{{cite journal |first=L. R. |last=Klein |first2=H. |last2=Rubin |title=A Constant-Utility Index of the Cost of Living |journal=Review of Economic Studies |volume=15 |issue=2 |year=1947–8 |pages=84–87 |jstor=2295996 }} 4. ^{{cite journal |first=Richard |last=Stone |title=Linear Expenditure Systems and Demand Analysis: An Application to the Pattern of British Demand |journal=Economic Journal |volume=64 |issue=255 |year=1954 |pages=511–527 |jstor=2227743 }} Further reading
1 : Utility function types |
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