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  • 标题:Money Illusion, Gorman and Lau
  • 本地全文:下载
  • 作者:Scott J. Colby ; Timothy A. Graciano ; Jeffrey T. LaFrance
  • 期刊名称:Discussion Paper Series / Department of Economics, Monash University
  • 出版年度:2011
  • 卷号:1
  • 出版社:Monash University
  • 摘要:Any demand equation satisfying Lau’s (1982) Fundamental Theorem of Exact Aggregation and 0° homogeneity in prices and income will have a Gorman (1981) functional form for each income term. This property does not depend on symmetry or adding up. The implications of this result are illustrated by an extensive example
  • 关键词:Demand; exact aggregation; functional form; homogeneity
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