Generalised Translation of Indirect Utility Functions

This paper considers the derivation of new demand systems from existing ones through replacing an indirect utility function ) , ( y U p by } ) / ( , { j y p y y U j j â ã Ó . p , where p is a vector of prices and y is income. This is a generalisation of Gorman translation ) , ( j j p y U ã Ó . p and will be shown to be effective in terms of producing new demand systems with both good regularity and flexibility properties.

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Year of publication:	2004-08
Authors:	Conniffe, Denis
Institutions:	Department of Economics, National University of Ireland
Subject:	Translation \| indirect utility functions \| demand equations

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Extent:	application/pdf
Series:	Economics, Finance and Accounting Department Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	25 pages
Classification:	D11 - Consumer Economics: Theory
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005656618