General consumer demand systems

Russel J. Cooper*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)

Abstract

This paper introduces a generalisation of Roy's Identity and Shephard's Lemma which is applicable where the resource constraining expenditure level of a consumer's utility maximisation problem is not observable but is replaced by some observable proxy variable such as conditional expenditure. Implications for testing for Slutsky symmetry and separability are explored.

Original languageEnglish
Pages (from-to)79-82
Number of pages4
JournalEconomics Letters
Volume44
Issue number1-2
DOIs
Publication statusPublished - 1994

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