Munich Personal RePEc Archive

On nesting nonhomothetic preferences

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

[thumbnail of MPRA_paper_931.pdf]

Download (473kB) | Preview


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.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.