A Characterization of Collective Individual Expenditure Functions
Martina Menon (),
Elisa Pagani () and
Federico Perali ()
No 20/2012, Working Papers from University of Verona, Department of Economics
We examine the properties ensuring that individual expenditure functions, derived within the context of the collective household model, are legitimate individual cost functions. Our curvature results are important for the characterization of collective demand functions as well and for the measurement of inequality within the household.
Keywords: Individual expenditure function; Collective household model; Concavity; Homogeneity (search for similar items in EconPapers)
JEL-codes: C30 D11 D12 D13 (search for similar items in EconPapers)
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