Re: Utility doubt ! Help !

Posted by Dreyfus on Jun 06, 2014; 11:03am
URL: http://discussion-forum.276.s1.nabble.com/Utility-doubt-Help-tp7591605p7591686.html

Hey Akshay....I read somewhere that if utility fun is homogenous of degree 1 then it is homothetic but  acc to Nicholson if a function in general is homogenous of degree r den its rate of change will remain same even after the monotonic transformation and thus that function will be homothetic.....now real confusion I m facing is homothetic utility function and homothetic function are the same ?