A homothetic utility function for monopolistic competition models, without constant price elasticity.
type: Item
instance of: scholarly article
title: A homothetic utility function for monopolistic competition models, without constant price elasticity.
zbMATH Open document ID: 1035.91042
DOI: 10.1016/S0165-1765(02)00181-7
author: Robert C. Feenstra
published in: Economics Letters
publication date: 2003-01-22T00:00:00Z
review text: The symmetric translog expenditure function leads to a demand system that has unitary income elasticity but non-constant price elasticities. This expenditure function will be useful in monopolistic competition models, and retains its properties even as the number of goods varies.
Mathematics Subject Classification ID: 91B42
zbMATH DE Number: 1857198
zbMATH Keywords: Monopolistic competition
zbMATH Keywords: Homothetic
zbMATH Keywords: Translog
zbMATH Keywords: New goods
MaRDI profile type: Publication
cites work: Q4096718
cites work: Product Selection, Fixed Costs, and Monopolistic Competition
description: scientific article; zbMATH DE number 1857198