Some λ-Separable Frisch Demands with Utility Functions

Ethan Ligon

Economics Bulletin, 2016, vol. 36, issue 1, 68-74

Abstract: We complete the characterization of two Frisch demand systems first developed by Browning, Deaton and Irish (1985), 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: Frisch demands; Separability; Intertemporal elasticity of substitution (search for similar items in EconPapers)
JEL-codes: D1 D9 (search for similar items in EconPapers)
Date: 2016-02-04
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Citations: View citations in EconPapers (1)

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