Definition of Isoelastic. Meaning of Isoelastic. Synonyms of Isoelastic

- In economics, the isoelastic function for utility, also known as the isoelastic utility function, or power utility function, is used to express utility...
- In mathematical economics, an isoelastic function, sometimes constant elasticity function, is a function that exhibits a constant elasticity, i.e. has...
- monopolistic competition. Note the difference between CES utility and isoelastic utility: the CES utility function is an ordinal utility function that...
- Q(P)=3P-6}, and 2) the constant-elasticity supply function (also called isoelastic or log-log or loglinear supply function), e.g., the smooth curve Q(P)=5P0...
- why the exponential utility function is considered unrealistic. Though isoelastic utility, exhibiting constant relative risk aversion (CRRA), is considered...
- quadratic utility function, the exponential utility function, and the isoelastic utility function. A utility function is said to exhibit hyperbolic absolute...
- Importantly, unlike von Neumann–Morgenstern utility functions (e.g. isoelastic utility), Epstein–Zin preferences allow the elasticity of intertemporal...
- as price rises to infinity even though quantity approaches zero. See Isoelastic function.) Perfect P-elasticity of Q: P is constant as Q changes Perfect...
- form for within period utility (also called the power utility or isoelastic utility). The reason is that, in combination with additivity over time...
- utility functions such as: CES (constant elasticity of substitution). Isoelastic utility Exponential utility Quasilinear utility Homothetic preferences...