The Translog Utility Function and the Tornqvist Quantity Index

John Hartwick ()

No 1434, Working Paper from Economics Department, Queen's University

Abstract: We re-visit the proposition: utility-change for the translog utility function equals the corresponding Tornqvist quantity index. We observe that the "linear" terms in the translog function must be zero for the result to obtain. We also report on the role of the assumption of homogeneity for the utility function in allowing the result to obtain.

Keywords: translog function; Tornqvist index (search for similar items in EconPapers)
JEL-codes: E01 O47 (search for similar items in EconPapers)
Pages: 5 pages
Date: 2020-07
New Economics Papers: this item is included in nep-mac and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:1434

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