IMPLICIT ADDITIVE PREFERENCES: A FURTHER GENERALIZATION OF THE CES

Paul Preckel (), John Cranfield and Thomas Hertel

No 19373, 2005 Annual meeting, July 24-27, Providence, RI from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: 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.

Keywords: Food; Consumption/Nutrition/Food; Safety (search for similar items in EconPapers)
Pages: 12
Date: 2005
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Citations: View citations in EconPapers (4)

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https://ageconsearch.umn.edu/record/19373/files/sp05pr03.pdf (application/pdf)

Related works:
Working Paper: Implicit Additive Preferences: A Further Generalization of the CES (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea05:19373

DOI: 10.22004/ag.econ.19373

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