TY  - CHAP
AB  - This chapter presents the indirect preferences for all full rank Gorman and Lewbel demand systems. Each member in this class of demand models is a generalized quadratic expenditure system (GQES). This representation allows applied researchers to choose a small number of price indices and a function of income to specify any exactly aggregable demand system, without the need to revisit the questions of integrability of the demand equations or the implied form and structure of indirect preferences. This characterization also allows for the calculation of exact welfare measures for consumers, either in the aggregate or for specific classes of individuals, and other valuations of interest to applied researchers.
VL  - 288
SN  - 978-1-84855-313-2, 978-1-84855-312-5/0573-8555
DO  - 10.1108/S0573-8555(2009)0000288007
UR  - https://doi.org/10.1108/S0573-8555(2009)0000288007
AU  - LaFrance Jeffrey T.
AU  - Pope Rulon D.
ED  - Daniel J. Slottje
PY  - 2009
Y1  - 2009/01/01
TI  - Chapter 4 The Generalized Quadratic Expenditure System
T2  - Quantifying Consumer Preferences
T3  - Contributions to Economic Analysis
PB  - Emerald Group Publishing Limited
SP  - 83
EP  - 117
Y2  - 2024/04/23
ER  -