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- W2023203777 abstract "This paper develops a new class of homothetic preferences which generate Marshallian demand curves for individual goods which can be concave, convex or linear in own price under the assumption that agents treat aggregate price indices as given (as in Dixit-Stiglitz, 1977). The preferences are represented by a cost function which has two parameters: one determining the curvature of the Marshallian demand; the other determining the elasticity of demand when all prices are equal. The elasticity of demand varies with relative prices. Illustrative examples are given of Cournot duopoly and exchange rate pass-through." @default.
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- W2023203777 date "2001-05-01" @default.
- W2023203777 modified "2023-09-23" @default.
- W2023203777 title "omega-Homothetic Preferences: Theory and Applications" @default.
- W2023203777 doi "https://doi.org/10.1111/1467-9485.00191" @default.
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