Generalised Translation of Indirect Utility Functions

Denis Conniffe

Economics Department Working Paper Series from Department of Economics, National University of Ireland - Maynooth

Abstract: This paper considers the derivation of new demand systems from existing ones through replacing an indirect utility function ) , ( y U p by } ) / ( , { j y p y y U j j â ã Ó . p , where p is a vector of prices and y is income. This is a generalisation of Gorman translation ) , ( j j p y U ã Ó . p and will be shown to be effective in terms of producing new demand systems with both good regularity and flexibility properties.

Keywords: Translation; indirect utility functions; demand equations (search for similar items in EconPapers)
JEL-codes: D11 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2004-08
New Economics Papers: this item is included in nep-mic
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Persistent link: https://EconPapers.repec.org/RePEc:may:mayecw:n1390804

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