Logarithmic quasi-homothetic preferences
نویسندگان
چکیده
منابع مشابه
Logarithmic quasi-homothetic preferences
We study a class of symmetric, quasi-homothetic preferences that result in demands logarithmic in own prices when these have a negligible impact on aggregate price indices (as in monopolistic competition models). Thus marginal revenues are computationally friendly, and decreasing whenever demands are elastic. Preferences can be represented either by an additive negative exponential direct utili...
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Robert G. Chambers1, Rolf Färe2, and John Quiggin3 1 Department of Agricultural and Resource Economics, University of Maryland, College Park, MD 20742, USA, and University of Western Australia, Nedlands WA, AUSTRALIA (e-mail: [email protected]) 2 Department of Economics and Department of Agricultural Economics, The Oregon State University, Covallis, OR 97331, USA 3 Department of Economics, Univ...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2006
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2005.10.005