A homothetic utility function for monopolistic competition models, without constant price elasticity

被引：103

作者：

Feenstra, RC

机构：

[1] Univ Calif Davis, Dept Econ, Davis, CA 95616 USA

[2] Univ Calif Davis, NBER, Davis, CA 95616 USA

来源：

ECONOMICS LETTERS | 2003年 / 78卷 / 01期

关键词：

monopolistic competition; homothetic; translog; new goods;

D O I：

10.1016/S0165-1765(02)00181-7

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The symmetric translog expenditure function leads to a demand system that has unitary income elasticity but non-constant price elasticities. This expenditure function will be useful in monopolistic competition models, and retains its properties even as the number of goods varies. (C) 2002 Elsevier Science B.V. All rights reserved.

引用

页码：79 / 86

页数：8

共 10 条

[1]

[Anonymous], REV ECON STUD

[2] Staggered price setting, translog preferences, and endogenous persistence [J].