Preferences, Separability, and the Patinkin Model
Bibliographic Data
| ID | 10172785 |
|---|---|
| Authors | Cliff Lloyd (corresponding author) |
| Year | 1971 |
| Volume | 79 |
| Issue | 3 |
| Pages | 642-651 |
| Publication date | 1971-05-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/259773 |
| OpenAlex | W2005057755 |
| Language | EN |
| Citations received | 1 |
| References cited | 4 |
It has been shown that, in the Patinkin model--where real balances appear in the utility function--the traditional Slutsky results are lost. Here, it is argued that work by Baumol, Tobin, Patinkin, and others implies that the utility function is separable in a specific way. It is then shown that, if the utility function is separable in that way, then the traditional Slutsky results are reinstated
Econometrics · Economics · Function (biology · Mathematical analysis · Mathematical economics · Microeconomics · Physics · Separable space · Work (physics · Economic Policies and Impacts · Economic theories and models · Economic Theory and Institutions · Mathematics
| Citations per year | 0.02 |
|---|---|
| Citation span | 1974 - 1974 (1) |
| Highly cited | No |