Indirect utility function

（重定向自Indirect utility）

In economics, a consumer's indirect utility function $v(p, w)$ gives the consumer's maximal attainable utility when faced with a vector $p$ of goods prices and an amount of income $w$ . It reflects both the consumer's preferences and market conditions.

This function is called indirect because consumers usually think about their preferences in terms of what they consume rather than prices. A consumer's indirect utility $v(p, w)$ can be computed from his or her utility function $u(x),$ defined over vectors $x$ of quantities of consumable goods, by first computing the most preferred affordable bundle, represented by the vector $x(p, w)$ by solving the utility maximization problem, and second, computing the utility $u(x(p, w))$ the consumer derives from that bundle. The resulting indirect utility function is

单词	Indirect utility
释义	Indirect utility 英语百科 Indirect utility function （重定向自Indirect utility） In economics, a consumer's indirect utility function $v(p, w)$ gives the consumer's maximal attainable utility when faced with a vector $p$ of goods prices and an amount of income $w$ . It reflects both the consumer's preferences and market conditions. This function is called indirect because consumers usually think about their preferences in terms of what they consume rather than prices. A consumer's indirect utility $v(p, w)$ can be computed from his or her utility function $u(x),$ defined over vectors $x$ of quantities of consumable goods, by first computing the most preferred affordable bundle, represented by the vector $x(p, w)$ by solving the utility maximization problem, and second, computing the utility $u(x(p, w))$ the consumer derives from that bundle. The resulting indirect utility function is
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