Kowal, Paweł (2006): On nesting nonhomothetic preferences.
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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.
|Item Type:||MPRA Paper|
|Original Title:||On nesting nonhomothetic preferences|
|Keywords:||demand systems; nonhomothetic preferences|
|Subjects:||D - Microeconomics > D1 - Household Behavior and Family Economics > D11 - Consumer Economics: Theory|
|Depositing User:||Pawel Kowal|
|Date Deposited:||26. Nov 2006|
|Last Modified:||18. Feb 2013 15:33|
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