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Homogeneous and Homothetic Functions

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The New Palgrave Dictionary of Economics
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Abstract

Given a cone E in the Euclidean space \( {\mathbb{R}}^n \) and an ordering ≼ on E (i.e. a reflexive and transitive binary relation on E), the ordering is said to be homothetic if for all pairs x, y, ∈E

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Crouzeix, JP. (2018). Homogeneous and Homothetic Functions. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1108

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