Munich Personal RePEc Archive

On nesting nonhomothetic preferences

Kowal, Paweł (2006): On nesting nonhomothetic preferences.

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Abstract

We consider nested utility function with nonhomothetic subutility functions. We express demand functions for aggregate goods in terms of marshalian and hicksian demands associated with the standard consumer problem of maximization of aggregate utility function. We also presents a simple method of calibrating such a demand system.

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