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| Ethan Ligon |
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| ''Some λ-Separable Frisch Demands with Utility Functions'' |
| ( 2016, Vol. 36 No.1 ) |
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| We complete the characterization of two Frisch demand systems first
developed by Browning, Deaton and Irish (1985), and show that that these systems (i) do not restrict intertemporal substitution; but (ii)
imply momentary utility functions which are additively separable in
consumption. These utility functions turn out to take the
well-known exponential and Stone-Geary forms.
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| Keywords: Frisch demands, Separability, Intertemporal elasticity of substitution |
JEL: D1 - Household Behavior: General
D9 - Intertemporal Choice and Growth: General |
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| Manuscript Received : Sep 02 2015 | | Manuscript Accepted : Feb 04 2016 |
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