Luxuries are Easier to Postpone: A Proof
Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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Luxuries are Easier to Postpone : A Proof. / Browning, Martin; Crossley, Thomas.
I: Journal of Political Economy, Bind 108, Nr. 5, 2000, s. 1022-1026.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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RIS
TY - JOUR
T1 - Luxuries are Easier to Postpone
T2 - A Proof
AU - Browning, Martin
AU - Crossley, Thomas
N1 - JEL Classification: D
PY - 2000
Y1 - 2000
N2 - We show that (Marshallian) income elasticities are proportional to (Frisch) own price elasticities if all goods are additively separable. This implies that luxuries are likely to be easier to postpone. It also implies that preferences over "consumption" are unlikely to display a constant elasticity of substitution
AB - We show that (Marshallian) income elasticities are proportional to (Frisch) own price elasticities if all goods are additively separable. This implies that luxuries are likely to be easier to postpone. It also implies that preferences over "consumption" are unlikely to display a constant elasticity of substitution
M3 - Journal article
VL - 108
SP - 1022
EP - 1026
JO - Journal of Political Economy
JF - Journal of Political Economy
SN - 0022-3808
IS - 5
ER -
ID: 148789