We study a class of quasi-homothetic preferences, which result in demands that are logarithmic in own prices when these have a negligible impact on aggregate prices (as in monopolistic competition models). Thus marginal revenues are computationally friendly and well behaved.

Logarithmic quasi-homethetic preferences

BERTOLETTI, PAOLO
2006

Abstract

We study a class of quasi-homothetic preferences, which result in demands that are logarithmic in own prices when these have a negligible impact on aggregate prices (as in monopolistic competition models). Thus marginal revenues are computationally friendly and well behaved.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11571/103191
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