Sato's Insight on the Relationship between the Frisch 'Parameter' and the Average Elasticity of Substitution
Centre of Policy Studies/IMPACT Centre Working Papers from Victoria University, Centre of Policy Studies/IMPACT Centre
This short note demonstrates that Sato's 1972 insight concerning the equivalence between Frisch's 'money flexibility' parameter and the average elasticity of substitution among commodities needs to be modified if it is to be applied to non-homothetic utility functions. Fortunately the modification is easily implemented.
JEL-codes: D12 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed
Downloads: (external link)
https://www.copsmodels.com/ftp/workpapr/g-99.pdf Initial version, 1992-01 (application/pdf)
https://www.copsmodels.com/elecpapr/g-99.htm Local abstract: may link to additional material. (text/html)
Journal Article: Sato's insight on the relationship between the Frisch 'parameter' and the average elasticity of substitution (1992)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cop:wpaper:g-99
Access Statistics for this paper
More papers in Centre of Policy Studies/IMPACT Centre Working Papers from Victoria University, Centre of Policy Studies/IMPACT Centre Contact information at EDIRC.
Bibliographic data for series maintained by Mark Horridge ().