Sep 18, 2019
How to draw indifference curves of quasi-linear utility functions Part 1: Case when the parameter of the exponent is greater than 1. For a cool application of this utility function on real world problems, check: Robinson, James A, and Daron Acemoglu. 2000. “Political Losers as Barriers to Economic Development.” American Economic Review 90 (2): 126-130.