| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12210 |
| DP12210 Beyond CES: Three Alternative Classes of Flexible Homothetic Demand Systems | |
| Kiminori Matsuyama | |
| 发表日期 | 2017-08-07 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We characterize three classes of demand systems, all of which are defined non-parametrically: homothetic demand systems with a single aggregator (HSA), those with direct implicit additivity (HDIA), and those with indirect implicit additivity (HIIA). In HSA, all the cross-price effects are captured by one price aggregator, while in HDIA and in HIIA, they are captured by two price aggregators. Each of these three classes contains CES as a special case. Yet, they are pairwise disjoint with the sole exception of CES. Thus, these classes of homothetic demand systems offer us three alternative ways of departing from CES. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Homothetic preferences Crs production functions Demand systems with a single aggregator Direct implicit additivity Indirect implicit additivity Ces Translog Gross complements and gross substitutes |
| URL | https://cepr.org/publications/dp12210 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541021 |
| 推荐引用方式 GB/T 7714 | Kiminori Matsuyama. DP12210 Beyond CES: Three Alternative Classes of Flexible Homothetic Demand Systems. 2017. |
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