Separability
Published in The New Palgrave Dictionary of Economics • Jan 1, 2018
NobleIDNI4P00W07R32S73
Authors:,,
Charles Blackorby
Daniel Primont
R. Robert Russell
Abstract
Given a smooth increasing function, two variables are separable from a third if the marginal rate of substitution between the first two variables is independent of the third. In this case it is possible to construct an aggregator function over the first two variables that is independent of the third...
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