On nesting nonhomothetic preferences

Pawel Kowal ()

MPRA Paper from University Library of Munich, Germany

Abstract: We consider nested utility function with nonhomothetic subutility functions. We express demand functions for aggregate goods in terms of marshalian and hicksian demands associated with the standard consumer problem of maximization of aggregate utility function. We also presents a simple method of calibrating such a demand system.

Keywords: demand systems; nonhomothetic preferences (search for similar items in EconPapers)
JEL-codes: D11 (search for similar items in EconPapers)
Date: 2006-11
New Economics Papers: this item is included in nep-dcm and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:931

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