Despite their scarcity in the literature, an abundance of globally regular indirect utility functions, involving as many parameters as desired, exist and are easily constructed as a function of simple homothetic component utilities.

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...

Despite their scarcity in the literature, an abundance of globally regular indirect utility functions, involving as many parameters as desired, exists. They are easily constructed as a function of simple homothetic component utilities.

Despite their scarcity in the literature, an abundance of globally regular indirect utility functions, involving as many parameters as desired, exist and are easily constructed as a function of simple homothetic component utilities.