Download This PaperOn the Forms of Utility Functions
3 Pages Posted: 24 Jan 2017
Date Written: January 16, 2017
Abstract
Utility function is the most important concept in economic theory. In academic literature, utility functions can take various forms. We prove that under a very general condition, utility function is the logarithmic function.
Keywords: Utility Function, Logarithmic Function
Suggested Citation: Suggested Citation
Chen, Jing, On the Forms of Utility Functions (January 16, 2017). Available at SSRN: https://ssrn.com/abstract=2900473 or http://dx.doi.org/10.2139/ssrn.2900473
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