Quasilinear Preferences Flashcards
1
Q
What are quasilinear preferences?
A
Preferences where utility is linear in one good (usually money) and nonlinear in the other:
U(x,y)=v(x)+y
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What are quasilinear preferences?
Preferences where utility is linear in one good (usually money) and nonlinear in the other:
U(x,y)=v(x)+y
Key Links
Subjects
Company
Find Us
