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Ethan Ligon
''Some λ-Separable Frisch Demands with Utility Functions''
( 2016, Vol. 36 No.1 )
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.
Keywords: Frisch demands, Separability, Intertemporal elasticity of substitution
JEL: D1 - Household Behavior: General
D9 - Intertemporal Choice and Growth: General
Manuscript Received : Sep 02 2015 Manuscript Accepted : Feb 04 2016

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