DocumentCode :
812531
Title :
Functional form for utility, demand systems, and the aggregate consumption function
Author :
Lluch, Constantino
Author_Institution :
International Bank for Recontruction and Development, NW, Washington DC-USA
Volume :
18
Issue :
4
fYear :
1973
fDate :
8/1/1973 12:00:00 AM
Firstpage :
385
Lastpage :
387
Abstract :
Alternative utility specifications are imbedded in a simple calculus of variations problem to obtain complete sets of demand equations and their associated aggregate consumption function. In three cases, the resulting consumption functions are linear in prices and income with no intercept. For parameter identification, empirical work should be based upon the underlying demand systems.
Keywords :
Economics; Utility theory; Aggregates; Automatic control; Calculus; Costs; Equations; History; Notice of Violation; Optimal control; Physics computing;
fLanguage :
English
Journal_Title :
Automatic Control, IEEE Transactions on
Publisher :
ieee
ISSN :
0018-9286
Type :
jour
DOI :
10.1109/TAC.1973.1100353
Filename :
1100353
Link To Document :
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