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    Sums and Products of Indirect Utility Functions (NIRSA) Working Paper Series No. 6


    Conniffe, Denis (2002) Sums and Products of Indirect Utility Functions (NIRSA) Working Paper Series No. 6. NIRSA - National Institute for Regional and Spatial Analysis. (Unpublished)

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    Official URL: http://www.nuim.ie/nirsa/research/pdf/WPS06.pdf


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    Abstract

    There are relatively few known demand systems that are theoretically satisfactory and practically implementable. This paper investigates building more complex demand systems from simpler known ones by considering sums and products of basic utility functions, an approach that does not seem to have been exploited previously in the literature. Some of the systems that result are interesting and usefully extend the range of available functions. Even the simpler systems that are not sufficiently flexible for the analysis of real world consumption data may still be useful for applied general equilibrium studies and for theoretical explication. Although some systems, instead of being new, turn out to be rediscoveries of already known ones, the way in which they arise as combinations of simple components is of interest in itself in showing them as sub sets of wider classes

    Item Type: Other
    Keywords: Sums and Products, Indirect Utility Functions; NIRSA.
    Academic Unit: Faculty of Social Sciences > Economics, Finance and Accounting
    Faculty of Social Sciences > Research Institutes > National Institute for Regional and Spatial analysis, NIRSA
    Item ID: 79
    Depositing User: Ms Sandra Doherty
    Date Deposited: 18 Mar 2003
    Publisher: NIRSA - National Institute for Regional and Spatial Analysis
    Refereed: No
    URI:

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