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A NOTE ON IMPOSING LOCAL CURVATURE IN GENERALIZED LEONTIEF MODELS

Published online by Cambridge University Press:  19 March 2007

APOSTOLOS SERLETIS  and
ASGHAR SHAHMORADI
APOSTOLOS SERLETIS
Affiliation:
University of Calgary
ASGHAR SHAHMORADI
Affiliation:
University of Tehran
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Abstract

In this paper, we build on Ryan and Wales (1998) and Moschini (1999) and impose curvature conditions locally on the generalized Leontief model, introduced by Diewert (1974). In doing so, we exploit the Hessian matrix of second order derivatives of the reciprocal indirect utility function, unlike Ryan and Wales (1998) and Moschini (1999), who exploit the Slutsky matrix.

Keywords

RegularitySlutsky MatrixNegative Semidefinite
Type
NOTES
Information
Macroeconomic Dynamics , Volume 11 , Issue 2 , April 2007 , pp. 290 - 294
Copyright
© 2007 Cambridge University Press

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References

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