A System of Demand Equations Satisfying Effectively Global Curvature Conditions

The MPIGLOG specification of an indirect utility function leads to a parametric representation in terms of expenditure and two unit cost functions. Specification of these unit cost functions in terms of regular, flexible functions leads to the notion of an "effectively globally regular" system of demand equations. Three examples demonstrate the success of such a specification in achieving regularity and flexibility.


Issue Date:
Jul 01 1991
Publication Type:
Working or Discussion Paper
Record Identifier:
http://ageconsearch.umn.edu/record/267295
Language:
English
Series Statement:
Working Paper No. 7/91




 Record created 2018-01-26, last modified 2018-01-27

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