New products with a symmetric AIDS expenditure function
We study a symmetric AIDS expenditure function that allows for variation in the range of goods. Solving for the reservation prices for goods not available, a convenient form for the expenditure function is obtained. This functional form should prove useful in monopolistic competition models were the range of products changes due to entry and exit.
Year of publication: |
2010
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Authors: | Feenstra, Robert C. |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 106.2010, 2, p. 108-111
|
Publisher: |
Elsevier |
Keywords: | New products Translog AIDS Monopolistic competition |
Saved in:
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