Conditioning variables on consumer choices are conventionally included in demand functions additively. We identify the underlying utility maximisation problem. There must be base consumption levels efficiently set which vary with the conditioning variables. A special case is quasi-homothetic preferences.

E. Randon, P. Simmons (2010). Base consumption levels and fixed costs. ECONOMICS LETTERS, 108, 222-224 [10.1016/j.econlet.2010.05.001].

Base consumption levels and fixed costs

RANDON, EMANUELA;
2010

Abstract

Conditioning variables on consumer choices are conventionally included in demand functions additively. We identify the underlying utility maximisation problem. There must be base consumption levels efficiently set which vary with the conditioning variables. A special case is quasi-homothetic preferences.
2010
E. Randon, P. Simmons (2010). Base consumption levels and fixed costs. ECONOMICS LETTERS, 108, 222-224 [10.1016/j.econlet.2010.05.001].
E. Randon; P. Simmons
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11585/94274
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