IMPLICIT ADDITIVE PREFERENCES: A GENERALIZATION OF THE CES Report as inadecuate




IMPLICIT ADDITIVE PREFERENCES: A GENERALIZATION OF THE CES - Download this document for free, or read online. Document in PDF available to download.

The CES is generalized by extension of the work of Hanoch (1975) resulting in implicit, direct and indirect relationships between utility and consumption. Expressions for substitution and income elasticities are developed and observed to be variable, rather than constant as in the CES case.

Subject(s): Demand and Price Analysis

Issue Date: 2005

Publication Type: Working or Discussion Paper

PURL Identifier: http://purl.umn.edu/28646

Total Pages: 11

Series Statement: Staff Paper 05-03

Record appears in: Purdue University > Department of Agricultural Economics > Staff Papers





Author: Preckel, Paul V. ; Cranfield, John A.L. ; Hertel, Thomas W.

Source: http://ageconsearch.umn.edu/record/28646?ln=en







Related documents