Chapter

Direct and Indirect Utility

S. N. Afriat

in Logic of Choice and Economic Theory

Published in print November 1987 | ISBN: 9780198284611
Published online November 2003 | e-ISBN: 9780191595844 | DOI: http://dx.doi.org/10.1093/0198284616.003.0011
 Direct and Indirect Utility

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This is the fifth of six chapters in Part II about demand and utility cost, a typical area for what is understood as choice theory. It discusses direct and indirect utility. Its six sections are: purchasing power; the indirect (utility) ‘integrability’ problem; basic relations and properties (of the structure involved with direct and indirect utility, and other features of demand analysis); adjoint of a relation; adjoint of a function; and limit adjoints.

Keywords: adjoint of a function; adjoint of a relation; adjoints; choice; choice theory; demand; direct utility; indirect utility; integrability of indirect utility; limit adjoints; purchasing power; utility cost

Chapter.  8193 words. 

Subjects: Microeconomics

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