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Utility Function Transformations and Money Illusion: Comment.

The article discusses utility functions transformations. Researchers Richard Dusansky and Peter Kalman (D-K) have claimed that the standard condition that utility functions be homogeneous of degree zero (HDO) in money and prices is not a necessary one for demand functions to be free of money illusio...

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Published in:American Economic Review Vol. 70; no. 4; pp. 819 - 823
Main Authors: Howin, Peter, Patinkin, Don
Format: Article
Published: American Economic Association Sep80
Subjects:
Kalman filtering
Utility functions
Control theory (Engineering)
Money illusion
Stochastic processes
Estimation theory
Supply & demand
Economic stabilization
Online Access:View this record in EBSCOhost