Look up: Homothetic

1. 
   Homothetic
   A function of two or more arguments is homothetic if all ratios of its first partial derivatives depend only on the ratios of the arguments, not their levels. For competitive consumers or producers optimizing subject to homothetic utility or production functions, this means that ratios of goods demanded depend only on relative prices, not on income or scale.
   Found on http://www-personal.umich.edu/~alandear/
   
   
2. 
   homothetic
   Let u(x) be a function homogeneous of degree one in x. Let g(y) be a function of one argument that is monotonically increasing in y. Then u(g()) is a homothetic function of y. So a function is homothetic in y if it can be decomposed into an inner function that is monotonically increasing in y and an outer function that is homogeneous of degree one ...
   Found on http://www.econterms.com/glossary.cgi?qu
   
   
3. 
   Homothetic
   A function of two or more arguments is homothetic if all ratios of its first partial derivatives depend only on the ratios of the arguments, not their levels. For competitive consumers or producers optimizing subject to homothetic utility or production functions, this means that ratios of goods demanded depend only on relative prices, not on incom...
   Found on http://www-personal.umich.edu/~alandear/
   
   
4. 
   homothetic
   Definition of Homothetic Functions h(x)is homothetic in xiff h(tx1) = h(tx2) for all t>0given that h(x1) = h(x2).…
   Found on http://www.oenb.at/dictionary/termini.js
   
   
5. 
   homothetic
   Definition: Homotheticity - Any function that can be expressed as a monotonic transformation of a homogeneous function is homothetic. This means that all homogeneous functions are also homothetic (but not the other way around). A homothetic function of two variables has the property that its level curves have the same slope where they intersect a r…
   Found on http://www.oenb.at/dictionary/termini.js