util_ces: Constant elasticity of substitution (CES) utility function

In UchidaMizuki/econgoods: Utility Functions and Composite Goods in Economics

Constant elasticity of substitution (CES) utility function

Description

Constant elasticity of substitution (CES) utility function

Usage

util_ces(
  substitution,
  homogeneity = 1,
  efficiency = NA_real_,
  weights = double(),
  homothetic = homogeneity == 1
)

util_ces2(
  elasticity_of_substitution,
  homogeneity = 1,
  efficiency = NA_real_,
  weights = double(),
  homothetic = homogeneity == 1
)

Arguments

substitution	A scalar numeric of substitution parameter.
homogeneity	A scalar numeric of degree of homogeneity. By default, 1. When homothetic = TRUE, homogeneity must be equal to 1.
efficiency	A scalar numeric of efficiency parameter.
weights	A numeric vector of weights.
homothetic	A logical scalar. By default, homogeneity == 1.
elasticity_of_substitution	A scalar numeric of elasticity of substitution.

Value

A util_ces object.

UchidaMizuki/econgoods documentation built on Oct. 23, 2024, 8:10 a.m.