We have seen in this paper how the linear Engel curves (LEC) assumption alone takes us a long way in rendering rigorous surplus analysis manageable in terms of observables, while at the same time removing, for the LEC case, some serious clouds one associates with the consumer\u27s surplus problem or literature. Our main results were (i) the fundamental equation (9) governing the behaviour imposed by utility maximisation upon the marginal utility of income, as well as the explicit solution for this variable in the LEC case (equation (21); also footnote 2, p. 516); (ii) based on the previous result, we expressed Hicksian surplus in terms of observables directly (equations (25)--(23)); (iii) some simple rules of thumb were derived, strictly va...
Engel’s approach to consumption plays an important role in theoretical economics. There is thus str...
This paper applies revealed preference theory to the nonparametric statisti-cal analysis of consumer...
We provide a set of necessary and sufficient conditions for a system of Engel curves to have been ge...
This paper presents a formal model in which differential satiation dynamics of various consumer need...
This paper starts with some reflections on the notion of the representative consumer. These reflecti...
This paper revisits Ernst Engel’s (1857) original article in which he systematically in-vestigated t...
This paper revisits Ernst Engel's (1857) original article in which he systematically investigated th...
In studying individual consumption behavior, an important issue is the analysis of the relation betw...
Aggregation of individual Engel curves is considered such that aggregate food demand depends on the ...
Observed Engel curves are non-monotonic, hence consumption goods may be regarded as luxuries only f...
Observed Engel curves are non-monotonic, hence consumption goods may be regarded as luxuries only fo...
By representing a system of budget shares as an approximate factor model we determine its rank, i.e....
Endogenous business cycles have been known to exist in the overlapping-generations model for quite a...
This paper revisits Ernst Engel's (1857) original article in which he systematically investigated th...
Understanding how marginal utilities of expenditure evolve over time is key to the specification, th...
Engel’s approach to consumption plays an important role in theoretical economics. There is thus str...
This paper applies revealed preference theory to the nonparametric statisti-cal analysis of consumer...
We provide a set of necessary and sufficient conditions for a system of Engel curves to have been ge...
This paper presents a formal model in which differential satiation dynamics of various consumer need...
This paper starts with some reflections on the notion of the representative consumer. These reflecti...
This paper revisits Ernst Engel’s (1857) original article in which he systematically in-vestigated t...
This paper revisits Ernst Engel's (1857) original article in which he systematically investigated th...
In studying individual consumption behavior, an important issue is the analysis of the relation betw...
Aggregation of individual Engel curves is considered such that aggregate food demand depends on the ...
Observed Engel curves are non-monotonic, hence consumption goods may be regarded as luxuries only f...
Observed Engel curves are non-monotonic, hence consumption goods may be regarded as luxuries only fo...
By representing a system of budget shares as an approximate factor model we determine its rank, i.e....
Endogenous business cycles have been known to exist in the overlapping-generations model for quite a...
This paper revisits Ernst Engel's (1857) original article in which he systematically investigated th...
Understanding how marginal utilities of expenditure evolve over time is key to the specification, th...
Engel’s approach to consumption plays an important role in theoretical economics. There is thus str...
This paper applies revealed preference theory to the nonparametric statisti-cal analysis of consumer...
We provide a set of necessary and sufficient conditions for a system of Engel curves to have been ge...