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Statements

Subject Item

dbr:Isoelastic_function

rdfs:label

Isoelastic function

rdfs:comment

In mathematical economics, an isoelastic function, sometimes constant elasticity function, is a function that exhibits a constant elasticity, i.e. has a constant elasticity coefficient. The elasticity is the ratio of the percentage change in the dependent variable to the percentage causative change in the independent variable, in the limit as the changes approach zero in magnitude. For an elasticity coefficient (which can take on any real value), the function's general form is given by where and are constants. The elasticity is by definition which for this function simply equals r.

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n11:Isoelastic_function?oldid=962182156&ns=0

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28878050

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962182156

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dbr:Demand_curve dbr:Concave_function dbr:Modern_portfolio_theory dbr:Mathematical_economics dbr:Elasticity_coefficient dbr:Constant_elasticity_of_substitution dbc:Mathematical_economics dbr:Microeconomics dbr:Elasticity_(economics) dbr:Stock_market dbr:Risk_aversion dbr:Expected_utility_hypothesis dbr:Dependent_and_independent_variables dbr:Isoelastic_utility

dbo:abstract

In mathematical economics, an isoelastic function, sometimes constant elasticity function, is a function that exhibits a constant elasticity, i.e. has a constant elasticity coefficient. The elasticity is the ratio of the percentage change in the dependent variable to the percentage causative change in the independent variable, in the limit as the changes approach zero in magnitude. For an elasticity coefficient (which can take on any real value), the function's general form is given by where and are constants. The elasticity is by definition which for this function simply equals r.

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n11:Isoelastic_function