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Implicit Additive Preferences: A Further Generalization Of The Ces

Author

Listed:
  • Preckel, Paul V.
  • Cranfield, John A.L.
  • Hertel, Thomas W.

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.

Suggested Citation

  • Preckel, Paul V. & Cranfield, John A.L. & Hertel, Thomas W., 2005. "Implicit Additive Preferences: A Further Generalization Of The Ces," 2005 Annual meeting, July 24-27, Providence, RI 19373, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea05:19373
    DOI: 10.22004/ag.econ.19373
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    References listed on IDEAS

    as
    1. Hanoch, Giora, 1975. "Production and Demand Models with Direct or Indirect Implicit Additivity," Econometrica, Econometric Society, vol. 43(3), pages 395-419, May.
    2. Maureen T. Rimmer & Alan A. Powell, 1992. "An Implicitly Directly Additive Demand System: Estimates for Australia," Centre of Policy Studies/IMPACT Centre Working Papers op-73, Victoria University, Centre of Policy Studies/IMPACT Centre.
    3. Maureen T. Rimmer & Alan A. Powell, 1992. "Demand Patterns Across the Development Spectrum: Estimates for the AIDADS System," Centre of Policy Studies/IMPACT Centre Working Papers op-75, Victoria University, Centre of Policy Studies/IMPACT Centre.
    4. Alan A. Powell & Keith R. McLaren & K.R. Pearson & Maureen Rimmer, 2002. "Cobb-Douglas Utility - Eventually!," Monash Econometrics and Business Statistics Working Papers 12/02, Monash University, Department of Econometrics and Business Statistics.
    5. Hertel, Thomas W. & Peterson, Everett B. & Surry, Yves & Preckel, Paul V. & Tsigas, Marinos E., 1990. "Implicit Additivity as a Strategy for Restricting The Parameter Space in CGE Models," 1990 Annual meeting, August 5-8, Vancouver, Canada 270868, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Hanoch, Giora, 1971. "CRESH Production Functions," Econometrica, Econometric Society, vol. 39(5), pages 695-712, September.
    7. BARTEN, Anton P., 1968. "Estimating demand equations," LIDAM Reprints CORE 21, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    8. Hertel, Thomas, 1997. "Global Trade Analysis: Modeling and applications," GTAP Books, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, number 7685, December.
    9. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-326, June.
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    Cited by:

    1. Thibault Fally, 2018. "Integrability and Generalized Separability," NBER Working Papers 25025, National Bureau of Economic Research, Inc.
    2. Bouët, Antoine & Femenia, Fabienne & Laborde, David, 2014. "On the role of demand systems in CGE simulations of trade reforms," Conference papers 332443, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    3. Hugo Valin & Ronald D. Sands & Dominique van der Mensbrugghe & Gerald C. Nelson & Helal Ahammad & Elodie Blanc & Benjamin Bodirsky & Shinichiro Fujimori & Tomoko Hasegawa & Petr Havlik & Edwina Heyhoe, 2014. "The future of food demand: understanding differences in global economic models," Agricultural Economics, International Association of Agricultural Economists, vol. 45(1), pages 51-67, January.

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    More about this item

    Keywords

    Food Consumption/Nutrition/Food Safety;

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory

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