Indirect utility can be derived directly from the expenditure function by inversion.
the verdict
REFUTED
the evidence says no
refutedsupported
the weight of evidence
1 source for · 0 against
AS REPORTEDno primary record reached; this is what the reporting says
An economic reference text states that the expenditure function is obtained from the indirect utility function by inversion, which contradicts the claim that indirect utility is derived from the expenditure function.
just as the expenditure function is obtained from the indirect utility function by inversion; see Deaton … individuals can be decom- posed into those arising from the process of ageing and those resulting from the passage … corresponding to the expenditure function and is obtained from the direct utility function by inversion, just