Show that the indirect utility function v(p,m) (example 2.90) is homogeneous of degree zero in p and

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Show that the indirect utility function v(p,m) (example 2.90) is homogeneous of degree zero in p and m.
Analogous to convex functions (proposition 3.7), linearly homogeneous functions can be characterized by their epigraph.

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Foundations of Mathematical Economics

ISBN: 978-0262531924

1st edition

Authors: Michael Carter

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Question Posted: May 02, 2016 11:42 AM

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Show that the indirect utility function v(p,m) (example 2.90) is homogeneous of degree zero in p and

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Foundations of Mathematical Economics

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