IMPLICIT ADDITIVE PREFERENCES: A FURTHER GENERALIZATION OF THE CES

Preckel, Paul V.; Cranfield, John A.L.; Hertel, Thomas W.

doi:10.22004/ag.econ.19373

IMPLICIT ADDITIVE PREFERENCES: A FURTHER GENERALIZATION OF THE CES

Preckel, Paul V. ; Cranfield, John A.L. ; Hertel, Thomas W.

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.

Subject(s):

Food Consumption/Nutrition/Food Safety

Issue Date:

2005

Publication Type:

Conference Paper/ Presentation

DOI and Other Identifiers:

10.22004/ag.econ.19373

Record Identifier:

https://ageconsearch.umn.edu/record/19373

PURL Identifier:

http://purl.umn.edu/19373