The CES is generalized by extension of the work of Hanoch (1975) resulting in implicit, direct and indirect relationships between utility and consumption. Expressions for substitution and income elasticities are developed and observed to be variable, rather than constant as in the CES case.Food Consumption/Nutrition/Food Safety,

Cranfield, John A.L.

Hertel, Thomas W.

Preckel, Paul V.

English

Research Papers in Economics

Aggregating Non-linear Consumer Demands – A Maximum Entropy Approach,”

An Implicitly Directly Additive Demand System: Estimates for Australia.

Applied Demand Analysis,

Implicit Additivity as a Strategy for Restricting the Parameter Space

Linear Expenditure Systems in Demand Analysis: an Application to the

Notes on the Constant Difference Elasticity (CDE) Functional Form and Its Implementation in Applied General Equilibrium Models,”

The Information Approach to Demand Analysis,”

This matrix of partial substitution elasticities has exactly the same form as in Hanoch

IMPLICIT ADDITIVE PREFERENCES: A FURTHER GENERALIZATION OF THE CES

IMPLICIT ADDITIVE PREFERENCES: A FURTHER GENERALIZATION OF THE CES

Abstract

Similar works

Full text

Available Versions

Research Papers in Economics