Reference 〉Class

Leontief( list[str] goods )

A Leontief utility function U=minn(Gn), i.e. utility is equal to the minimum quantity held of any relevant good. A Leontief utility function results from a CES utility function when the elasticity of substitution is equal to zero, and the coefficients drop out. This class is a subclass of CES, itself a subclass of Utility, so it inherits the methods of those classes (calculate, demand, mu, and mrs), which will not be listed here.

Initialization Parameters

  • goods list[str], required

    A list of goods to enter into the utility function.

Notes and Examples

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