IDEAS home Printed from
   My bibliography  Save this article

Theoretical consistency property applied to the micro-economic modelling with flexible functional forms


  • Dalibor Moravanský


The paper brings a survey of flexible functional forms and summarizes the theoretical properties of several economic functional types (indirect utility, cost, expenditure function and the appropriate input demand systems). The notions of flexibility of the functional fonn (relating to the character of its parameters), consistency with the economic theory (considered in contexts of producer and consumer behaviour) and the domain of applicability (towards admissible values of independent variables) are discussed. The comparative example based on the TRANSLOG and the generalized Leontief unit cost function is chosen to elucidate the main topic of the article.

Suggested Citation

  • Dalibor Moravanský, 2002. "Theoretical consistency property applied to the micro-economic modelling with flexible functional forms," Bulletin of the Czech Econometric Society, The Czech Econometric Society, vol. 9(16).
  • Handle: RePEc:czx:journl:v:9:y:2002:i:16:id:110

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    Flexible functional fonns; TRANSLOG; generalized Leontief; theoretical consistency; domain of applicability; Shephard's lemma; Roy-Ville's identity; indirect utility function; expenditure function; commodity demand function;

    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D29 - Microeconomics - - Production and Organizations - - - Other


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:czx:journl:v:9:y:2002:i:16:id:110. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jozef Barunik). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.