A Note on Imposing Local Curvature on Generalized Leontief Models

In this paper, we build on Ryan and Wales (1998) and Moschini (1999) and impose curvature conditions locally on the generalized Leontief model, introduced by Diewert (1974). In doing so, we exploit the Hessian matrix of second order derivatives of the reciprocal indirect utility function, unlike Ryan and Wales (1998) and Moschini (1999) who exploit the Slutsky matrix.

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Year of publication:	2005-09-28
Authors:	Serletis, Apostolos ; Shahmoradi, Asghar
Institutions:	EconWPA
Subject:	Regularity \| Slutsky matrix \| Negative semidefinite

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Extent:	application/pdf
Series:	Econometrics.
Type of publication:	Book / Working Paper
Notes:	Type of Document - pdf
Classification:	C3 - Econometric Methods: Multiple/Simultaneous Equation Models ; C13 - Estimation ; C51 - Model Construction and Estimation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005119194