The translog utility function and the Tornqvist quantity index

We re-visit the proposition: utility-change for the translog utility function equals the corresponding Tornqvist quantity index. We observe that the "linear" terms in the translog function must be zero for the result to obtain. We also report on the role of the assumption of homogeneity for the utility function in allowing the result to obtain.

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Year of publication:	2020
Authors:	Hartwick, John M.
Publisher:	Kingston (Ontario) : Queen's University, Department of Economics
Subject:	translog function \| Tornqvist index

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Series:	Queen’s Economics Department Working Paper ; 1434
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1733575340 [GVK] hdl:10419/230587 [Handle]
Classification:	O47 - Measurement of Economic Growth; Aggregate Productivity ; E01 - Measurement and Data on National Income and Product Accounts and Wealth
Source:	EconStor

Persistent link: https://www.econbiz.de/10012431077