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

• Adachi, Takanori

• Ebina, Takeshi

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

Details

• CRID: 1050845763733619584
• NII Article ID: 120005522295
• HANDLE: 2237/21071
• Web Site: https://nagoya.repo.nii.ac.jp/records/18966
• Text Lang: en
• Article Type: departmental bulletin paper
• Data Source:
  • IRDB
  • CiNii Articles