AbstractA framework for duality theory is set forth, based on the model-independent role of homotheties. An expansion vector field is introduced as global generator of pure expansion effects, in terms of which to deepen the differential aspects of preference symmetries, fundamental identities and conjugation in connection with the benchmark nature of homothetic models. Potential lines of progress are envisaged.
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Bibliographic InfoPaper provided by Department of Economics, Parma University (Italy) in its series Economics Department Working Papers with number 2013-EP05.
Date of creation: 2013
Date of revision:
Duality; homotheties; expansion vector field; preference symmetry; distance function; expenditure function; conjugation; homotheticity;
Find related papers by JEL classification:
- D10 - Microeconomics - - Household Behavior - - - General
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-12-29 (All new papers)
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