Definition of Indirect Utility Function

Definition: The indirect utility function is denoted v(p, m) where p is a vector of prices for goods, and m is a budget in the same units as the prices. The indirect utility function takes the value of the maximum utility that can be achieved by spending the budget m on the consumption goods with prices p.

Terms related to Indirect Utility Function:

• Exponential Utility Function
• Money-in-the-Utility-Function
• CES Utility

About.Com Resources on Indirect Utility Function:

• Krugman's Nonsensical Recession Causing Shift Factor
• Important Advice for Graduate Students
• What is Microeconomics?

Writing a Term Paper? Here are a few starting points for research on Indirect Utility Function:

Journal Articles on Indirect Utility Function:

• Achieving Representativeness of the Observable Component of the Indirect Utility Function in Logit Choice Models
• Estimating the demand for risky assets via the indirect expected utility function
• Possible convexity of the indirect utility function due to nonlinear budget constraints