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Generalised Translation of Indirect Utility Functions

Author

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  • Denis Conniffe

    (Economics Department, National University of Ireland, Maynooth, Co. Kildare, Ireland.)

Abstract

This paper considers the derivation of new demand systems from existing ones through replacing an indirect utility function ) , ( y U p by } ) / ( , { j y p y y U j j â ã Ó . p , where p is a vector of prices and y is income. This is a generalisation of Gorman translation ) , ( j j p y U ã Ó . p and will be shown to be effective in terms of producing new demand systems with both good regularity and flexibility properties.

Suggested Citation

  • Denis Conniffe, 2004. "Generalised Translation of Indirect Utility Functions," Economics Department Working Paper Series n1390804, Department of Economics, National University of Ireland - Maynooth.
    • Handle: RePEc:may:mayecw:n1390804
    as

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    File URL: http://repec.maynoothuniversity.ie/mayecw-files/N1390804.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Translation; indirect utility functions; demand equations;
    All these keywords.

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory

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