Evaluation of Demand under Rationing when Only Indirect Utility Functions are Known: A Note

Podkaminer L (1983). Evaluation of Demand under Rationing when Only Indirect Utility Functions are Known: A Note. IIASA Collaborative Paper. IIASA, Laxenburg, Austria: CP-83-016

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Abstract

This note outlines a simple routine for evaluation of consumer demand under disequilibrium (shortage of some commodities) when the representative consumer's preferences are characterized by a cost function, or an indirect utility function consistent with the conventional theory of consumer behavior. The routine may be applied whenever the explicit form of the direct utility cannot be easily derived from the indirect utility function.

Item Type: Monograph (IIASA Collaborative Paper)
Research Programs: Food and Agriculture (FAG)
System and Decision Sciences - Core (SDS)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:54
Last Modified: 20 Jul 2016 22:27
URI: http://pure.iiasa.ac.at/2366

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