A Consumer with a Time-Varying B-Matrix

Godfrey Lubulwa

No 1983015, Discussion Papers (REL - Recherches Economiques de Louvain) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: This paper introduces the idea of a consumer who has time varying Lancasterian matrix of characteristics imbedded in an intertemporal Stone-Geary utility function. The thrust of the paper is theoretical, its main aim being generalisation of the theoretical contributions of Dixon and Lluch (1977). The main contribution in Dixon and Lluch (1977) is that DELES, a system of equation is proposed which describe the consumer’s planned and actual expenditure paths for durable. In order to derive these equations they have a consumer’s maximizing an inter-temporal Klein –Rubin utility function defined on the stocks of durables, subject to a budget integral constraint and a vector of durable goods stock’s adjustment equations.

Pages: 15
Date: 1983-03-01
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.jstor.org/stable/40723706 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvre:1983015

Access Statistics for this paper

More papers in Discussion Papers (REL - Recherches Economiques de Louvain) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) Place Montesquieu 3, 1348 Louvain-la-Neuve (Belgium). Contact information at EDIRC.
Bibliographic data for series maintained by Sebastien SCHILLINGS ().