IMPLICIT ADDITIVE PREFERENCES: A FURTHER GENERALIZATION OF THE CES
Preckel, Paul V.; Cranfield, John A.L.; Hertel, Thomas W.
2005

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Abstract

The CES is generalized by extension of the work of Hanoch (1975) resulting in implicit, direct and indirect relationships between utility and consumption. Expressions for substitution and income elasticities are developed and observed to be variable, rather than constant as in the CES case.

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Title IMPLICIT ADDITIVE PREFERENCES: A FURTHER GENERALIZATION OF THE CES
Author(s) Preckel, Paul V.
Cranfield, John A.L.
Hertel, Thomas W.
Subject(s)
Issue Date 2005
Publication Type Conference Paper/ Presentation
DOI and Other Identifiers 10.22004/ag.econ.19373
Record Identifier https://ageconsearch.umn.edu/record/19373
PURL Identifier http://purl.umn.edu/19373
Language English
Total Pages 12
Series Statement Selected Paper 135613
Record Appears in Agricultural and Applied Economics Association (AAEA) > Agricultural and Applied Economics Association (AAEA) Conferences > 2005 Annual meeting, July 24-27, Providence, RI

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