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Swarm identity

Roy's identity (named after the French economist Rene Roy ) - in microeconomics ( consumption theory ) - the relationship between the demand function ( Marshall demand ) and the indirect utility function .

Wording

Let beν(p,R) {\ displaystyle \ nu (p, R)}   Is an indirect utility function , wherep {\ displaystyle p}   Is the vector of prices for benefits, andR {\ displaystyle R}   - consumer income. Then

x(p,R)=-∂ν(p,R)∂p/∂ν(p,R)∂R{\ displaystyle x (p, R) = - {\ frac {\ partial \ nu (p, R)} {\ partial p}} / {\ frac {\ partial \ nu (p, R)} {\ partial R }}}  

See also

  • Indirect Utility Function
  • Shepard's lemma
  • Slutsky equation
Source - https://ru.wikipedia.org/w/index.php?title= Roy_identity&oldid = 87100650


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Clever Geek | 2019