- Title Pages
- Preface
- Introduction
- I.1 About Choice
- I.2 Processes of Choice
- I.3 Democratic Choice
- I.4 Budget Allocation and Priority
- I.5 Ramsey's Savings Rule
- II.1 Utility Hypothesis
- II.2 Algebra of Revealed Preference
- II.3 Combinatorics of Demand
- II.4 Separable Utility
- II.5 Direct and Indirect Utility
- II.6 Efficiency and Inefficiency
- III.1 Price and Quantity Levels
- III.2 The True Index
- III.3 Fisher and Byushgens
- III.4 The Four‐Point Formula
- III.5 Wald's ‘New Formula’
- IV.1 Opportunity Models
- IV.2 Leontief's Input‐Output
- IV.3 The Market
- IV.4 Sraffa's Prices
- IV.5 General Economic Equilibrium
- IV.6 Von Neumann's Economic Model
- V.1 Optimal Programming
- V.2 Convex Programming
- V.3 Linear Programming
- V.4 Minimum Paths
- V.5 Distribution Matrices
- VI.1 Calculus of Propositions
- VI.2 Algebra of Relations
- VI.3 Intersections and Fixed Points
- Bibliography
- Index

# 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

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

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .

- Title Pages
- Preface
- Introduction
- I.1 About Choice
- I.2 Processes of Choice
- I.3 Democratic Choice
- I.4 Budget Allocation and Priority
- I.5 Ramsey's Savings Rule
- II.1 Utility Hypothesis
- II.2 Algebra of Revealed Preference
- II.3 Combinatorics of Demand
- II.4 Separable Utility
- II.5 Direct and Indirect Utility
- II.6 Efficiency and Inefficiency
- III.1 Price and Quantity Levels
- III.2 The True Index
- III.3 Fisher and Byushgens
- III.4 The Four‐Point Formula
- III.5 Wald's ‘New Formula’
- IV.1 Opportunity Models
- IV.2 Leontief's Input‐Output
- IV.3 The Market
- IV.4 Sraffa's Prices
- IV.5 General Economic Equilibrium
- IV.6 Von Neumann's Economic Model
- V.1 Optimal Programming
- V.2 Convex Programming
- V.3 Linear Programming
- V.4 Minimum Paths
- V.5 Distribution Matrices
- VI.1 Calculus of Propositions
- VI.2 Algebra of Relations
- VI.3 Intersections and Fixed Points
- Bibliography
- Index