Some $\lambda$-separable Frisch demands with utility functions

Ethan Ligon

Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series from Department of Agricultural & Resource Economics, UC Berkeley

Abstract: We complete the characterization of two Frisch demand systems first developed by \cite{Browning-etal85}, and show that that these systems (i) do not restrict intertemporal substitution; but (ii) imply momentary utility functions which are additively separable in consumption. These utility functions turn out to take the well-known exponential and Stone-Geary forms.

Keywords: Social and Behavioral Sciences; Frisch demands; separability; intertemporal elasticity of substitution (search for similar items in EconPapers)
Date: 2016-01-27
New Economics Papers: this item is included in nep-upt
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Citations: View citations in EconPapers (1)

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Working Paper: Some $\lambda$-separable Frisch demands with utility functions (2016)
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