Topical Terminology  

       

Topical Terminology > Quasi-linear Utility



1 Definition

Quasi-linear Utility

For Quasi-linear Utility we have a term and definition in International Economics.



Quasi-linear Utility (International Economics)

A utility function of the form U(x0,x1,...,xn) = x0 + Siui(xi), where ui(×) are strictly concave functions. This is useful for generating demand functions for goods xi that depend only on their own prices in terms of the numeraire x0.




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