ω-Homothetic Preferences: Theory and Applications.
This paper develops a new class of homothetic preferences which generate Marshallian demand curves for individual goods which can be concave, convex or linear in own price under the assumption that agents treat aggregate price indices as given (as in Dixit-Stiglitz, 1977). The preferences are repres...
| Publicado en: | Scottish Journal of Political Economy Vol. 48; no. 2 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
May2001
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=4550052&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4550052 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00369292 SJP jtl: Scottish Journal of Political Economy issn: 00369292 maglogo: Y pubinfo: dt: May2001 vid: 48 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 4550052 10.1111/1467-9485.00191 formats: tig: atl: ω-Homothetic Preferences: Theory and Applications. aug: au: Datta, Bipasa Dixon, Huw su: Demand function Elasticity (Economics) Duopolies Neoclassical school of economics sug: subj: Demand function Elasticity (Economics) Duopolies Neoclassical school of economics ab: This paper develops a new class of homothetic preferences which generate Marshallian demand curves for individual goods which can be concave, convex or linear in own price under the assumption that agents treat aggregate price indices as given (as in Dixit-Stiglitz, 1977). The preferences are represented by a cost function which has two parameters: one determining the curvature of the Marshallian demand; the other determining the elasticity of demand when all prices are equal. The elasticity of demand varies with relative prices. Illustrative examples are given of Cournot duopoly and exchange rate pass-through. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 2001 holdings: @attributes: islocal: N |
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