Generalised Translation of Indirect Utility Functions
Conniffe, Prof. Denis (2004) Generalised Translation of Indirect Utility Functions. . AbstractThis paper considers the derivation of new demand systems from existing ones through replacing an indirect utility function by , where p is a vector of prices and y is income. This is a generalisation of Gorman translation and will be shown to be effective in terms of producing new demand systems with both good regularity and flexibility properties. | Keywords: | Translation, indirect utility functions, demand equations. |
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| Subjects: | Social Sciences > Economics |
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| ID Code: | 142 |
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| Deposited By: | Ms Sandra Doherty |
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| Deposited On: | 16 Sep 2004 |
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| Refereed: | No |
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