IMPLICIT ADDITIVE PREFERENCES: A GENERALIZATION OF THE CES

The CES is generalized by extension of the work of Hanoch (1975) resulting in implicit, direct and indirect relationships between utility and consumption. Expressions for substitution and income elasticities are developed and observed to be variable, rather than constant as in the CES case.


Issue Date:
2005
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/28646
Total Pages:
11
Series Statement:
Staff Paper 05-03




 Record created 2017-04-01, last modified 2017-08-24

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