Log-Linear Demand Systems with Differentiated Products Are Inconsistent with the Representative Consumer Approach

Access this Article

Abstract

We argue that log-linear demands with differentiated products, which are viewed as useful modelling from an empirical standpoint, are generated from the representative consumer's utility only in a restrictive form.

Journal

  • Economic Research Center Discussion Paper

    Economic Research Center Discussion Paper (E14-12), 2014-12

    名古屋大学大学院経済学研究科附属国際経済政策研究センター

Codes

  • NII Article ID (NAID)
    120005522295
  • Text Lang
    ENG
  • Article Type
    departmental bulletin paper
  • Data Source
    IR 
Page Top