Colby, Scott J.; Graciano, Timothy A.; LaFrance, Jeffrey T. - Department of Econometrics and Business Statistics, … - 2011
Any demand equation satisfying Lau’s (1982) Fundamental Theorem of Exact Aggregation and 0° homogeneity in prices and income will have a Gorman (1981) functional form for each income term. This property does not depend on symmetry or adding up. The implications of this result are illustrated...