A Note on Imposing Local Curvature on Generalized Leontief Models
Apostolos Serletis () and
Econometrics from EconWPA
In this paper, we build on Ryan and Wales (1998) and Moschini (1999) and impose curvature conditions locally on the generalized Leontief model, introduced by Diewert (1974). In doing so, we exploit the Hessian matrix of second order derivatives of the reciprocal indirect utility function, unlike Ryan and Wales (1998) and Moschini (1999) who exploit the Slutsky matrix.
Keywords: Regularity; Slutsky matrix; Negative semidefinite (search for similar items in EconPapers)
JEL-codes: C3 C13 C51 (search for similar items in EconPapers)
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Journal Article: A NOTE ON IMPOSING LOCAL CURVATURE IN GENERALIZED LEONTIEF MODELS (2007)
Working Paper: A Note on Imposing Local Curvature in Generalized Leontief Models (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpem:0509020
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