G2TT
来源类型Discussion paper
规范类型论文
来源IDDP17249
DP17249 Generalized Separability and Integrability: Consumer Demand with a Price Aggregator
Thibault Fally
发表日期2022-04-24
出版年2022
语种英语
摘要This paper examines demand systems where the demand for a good depends on other prices only through a common price aggregator (a scalar function of all prices). We refer to this property as ``generalized separability'' and provide the functional forms of demand that this property implies when demand is rational, i.e., derived from utility maximization. Generalized separability imposes restrictions on either income or price effects, and greater flexibility is obtained by adding indirect utility as an additional aggregator. We provide examples and applications which encompass a large variety of examples from the literature. In particular, generalized separability can be used in simple general-equilibrium models to obtain a more tractable framework and yet generate a wider range of effects of market size and productivity on firm size, entry, and prices.
主题Industrial Organization ; International Trade and Regional Economics
关键词Consumer demand Separability Price aggregator Integrability Rationalization Non-homothetic preferences
URLhttps://cepr.org/publications/dp17249
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/546256
推荐引用方式
GB/T 7714
Thibault Fally. DP17249 Generalized Separability and Integrability: Consumer Demand with a Price Aggregator. 2022.
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