منابع مشابه
Logarithmic quasi-homothetic preferences
We study a class of symmetric, quasi-homothetic preferences that result in demands logarithmic in own prices when these have a negligible impact on aggregate price indices (as in monopolistic competition models). Thus marginal revenues are computationally friendly, and decreasing whenever demands are elastic. Preferences can be represented either by an additive negative exponential direct utili...
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This paper introduces the ‘extended linear-homothetic’ preferences to model consumer choice. Specifically, we extend Datta and Dixon’s (2000) ‘standard linear-homothetic’ preferences by adding an additional term to the unit cost function. This term captures the relative importance of price interactions within sectors on the unit cost of utility. In an economy composed of a large number of secto...
متن کاملOffshoring and North-South Trade with Non-homothetic Preferences∗
This paper examines the effect of offshoring in a model of North-South trade when households have non-homothetic preferences of the Matsuyama (2000) type. We presents a platform from which to examine issues of trade and development in the presence of offshoring. The assumption of homotheticity is prevalent throughout the offshoring literature. We find that in equilibrium the South will consume ...
متن کاملBiased Quantitative Measurement of Interval Ordered Homothetic Preferences
We represent interval ordered homothetic preferences with a quantitative homothetic utility function and a multiplicative bias. When preferences are weakly ordered (i.e. when indifference is transitive), such a bias equals 1. When indifference is intransitive, the biasing factor is a positive function smaller than 1 and measures a threshold of indifference. We show that the bias is constant if ...
متن کاملRevealed Reversals of Preferences
We weaken the implicit assumption of rational choice theory that imposes that preferences do not depend on the choice set. We concentrate on the cases where the preferences change monotonically when the choice set expands. We show that rationalizability is then equivalent to state the usual strong axiom of revealed preferences to the binary relation of "revealed reversals of preferences".
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2017
ISSN: 1556-5068
DOI: 10.2139/ssrn.3064710