• 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