IDEAS home Printed from https://ideas.repec.org/p/ags/eureia/272166.html
   My bibliography  Save this paper

Analytical Utility Functions Underlying Fractional Expenditure Allocation Models

Author

Listed:
  • Somermeyer, W. H.
  • van Daal, J.

Abstract

This paper •shows conditions and procedures for deriving direct utility functions (D.U.F.) from indirect utility functions (I.U.F.) - provided that the latter can be written explicitly. For the fractional expenditure allocation model (F.E.A.M.) the I.U.F. appears to become a fairly simple integral. Derivation of D.U.F. from the I.U.F., however, appears to impose rather severe restrictions on parameters of the F.E.A.M., if not the number of commodities distinguished. For the "power" version of the F.E.A.M., this implies either constraints on the number and different values of the "power" parameters or the requirement that one of them become 1; mutatis mutandis the same applies to the generalized version of that model, viz. cross-bred with the linear expenditure system. In other cases approximate but still acceptable analytical D.U.F. might be derived provided that this would require but minor adjustments in one or more parameter estimates.

Suggested Citation

  • Somermeyer, W. H. & van Daal, J., 1978. "Analytical Utility Functions Underlying Fractional Expenditure Allocation Models," Econometric Institute Archives 272166, Erasmus University Rotterdam.
    • Handle: RePEc:ags:eureia:272166
    DOI: 10.22004/ag.econ.272166
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/272166/files/erasmus102.pdf
    Download Restriction: no
    File URL: https://ageconsearch.umn.edu/record/272166/files/erasmus102.pdf?subformat=pdfa
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.272166?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Gamaletsos, Theodore, 1973. "Further analysis of cross-country comparison of consumer expenditure patterns," European Economic Review, Elsevier, vol. 4(1), pages 1-20, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Andreas A. Andrikopoulos & James A. Brox, 1985. "Predicting Intra-Urban Residential Location Preferences: An Application of the Dynamic Generalized Linear Expenditure System," Urban Studies, Urban Studies Journal Limited, vol. 22(4), pages 329-337, August.
    2. -, 2015. "La economía del cambio climático en América Latina y el Caribe: paradojas y desafíos del desarrollo sostenible," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37310 edited by Cepal.
    3. Tridimas, George, 2000. "The analysis of consumer demand in Greece. Model selection and dynamic specification," Economic Modelling, Elsevier, vol. 17(4), pages 455-471, December.
    4. Paul Preckel & J. A. L. Cranfield & Thomas Hertel, 2010. "A modified, implicit, directly additive demand system," Applied Economics, Taylor & Francis Journals, vol. 42(2), pages 143-155.
    5. S. Selvanathan, 1988. "Empirical Regularities in OECD Consumption," Economics Discussion / Working Papers 88-01, The University of Western Australia, Department of Economics.
    6. Prof. Denis Conniffe, 2002. "A New System of Consumer Demand Equations," NIRSA Working Paper Series 4, National Institute for Regional and Spatial Analysis (NIRSA), NUI Maynooth, Ireland..
    7. Andreas A. Andrikopoulos & Kyprianos P. Prodromidis & Efthimios G. Tsionas, 1990. "Modelling Intra-urban Location Preferences under Rational Expectations," Urban Studies, Urban Studies Journal Limited, vol. 27(5), pages 739-751, October.
    8. Keller, W. J., 1973. "A Nested Ces-Type Utility Function And Its Demand And Price-Index Functions," Econometric Institute Archives 272062, Erasmus University Rotterdam.
    9. Bárcena Ibarra, Alicia & Samaniego, Joseluis & Peres Núñez, Wilson & Alatorre, José Eduardo, 2020. "The climate emergency in Latin America and the Caribbean: The path ahead – resignation or action?," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 45678 edited by Eclac.
    10. Denis Conniffe, 2004. "Generalised Translation of Indirect Utility Functions," Economics Department Working Paper Series n1390804, Department of Economics, National University of Ireland - Maynooth.
    11. -, 2014. "La economía del cambio climático en América Latina y el Caribe: paradojas y desafíos. Síntesis 2014," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 37471, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    12. -, 2014. "The economics of climate change in Latin America and the Caribbean: Paradoxes and challenges. Overview for 2014," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 37056, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    13. Conniffe, D., 2002. "A New System of Consumer Demand Equations," Economics Department Working Paper Series n1140402, Department of Economics, National University of Ireland - Maynooth.

    Corrections

    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:ags:eureia:272166. See general information about how to correct material in RePEc.

    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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/feeurnl.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.