On Some Global Properties of Gorman Class Demand Systems

This letter explores some global properties of the Gorman class of demand functions. We find that generalizing the homothetic preferences case to non-homotheticity gives rise to an unexpected global problem. In particular, interaction of the bounded budget share condition with either Slutsky symmetry or with homogeneity reduces the set of admissible Gorman class demand functions to but one - the polar form

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Year of publication:	2011
Authors:	Heineke, John M
Other Persons:	Shefrin, Hersh (contributor)
Publisher:	[2011]: [S.l.] : SSRN
Subject:	Marktmechanismus \| Market mechanism \| Theorie \| Theory

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Extent:	1 Online-Ressource (6 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economics Letters, Vol. 25, pp. 155-160, 1987 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 30, 1987 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013124161