A homothetic utility function for monopolistic competition models, without constant price elasticity

A homothetic utility function for monopolistic competition models, without constant price elasticity
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DOI:
10.1016/s0165-1765(02)00181-7
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发表时间:
2003-01-01
期刊:
影响因子:
2
通讯作者:
Feenstra, RC
Feenstra, RC
中科院分区:
经济学4区
文献类型:
--
作者:
Feenstra, RC

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对称的超越对数支出函数导致一个需求系统,有单一的收入弹性,但非恒定的价格弹性。这个支出函数在垄断竞争模型中是有用的,并且即使在商品数量变化时也保持其性质。(C)2002 Elsevier Science B.V.保留所有权利。
The symmetric translog expenditure function leads to a demand system that has unitary income elasticity but non-constant price elasticities. This expenditure function will be useful in monopolistic competition models, and retains its properties even as the number of goods varies. (C) 2002 Elsevier Science B.V. All rights reserved.