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Logic of Choice and Economic Theory$
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S. N. Afriat

Print publication date: 1987

Print ISBN-13: 9780198284611

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198284616.001.0001

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Direct and Indirect Utility

Direct and Indirect Utility

Chapter:
(p.156) II.5 Direct and Indirect Utility
Source:
Logic of Choice and Economic Theory
Author(s):

S. N. Afriat

Publisher:
Oxford University Press
DOI:10.1093/0198284616.003.0011

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

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