TY  - CHAP
AB  - A concise introduction to the normalized quadratic expenditure or cost function is provided so that the interested reader will have the necessary information to understand and use this functional form. The normalized quadratic is an attractive functional form for use in empirical applications as correct curvature can be imposed in a parsimonious way without losing the desirable property of flexibility. We believe it is unique in this regard. Topics covered include the problem of cardinalizing utility, the modeling of nonhomothetic preferences, the use of spline functions to achieve greater flexibility, and the use of a “semiflexible” approach to make it feasible to estimate systems of equations with a large number of commodities.
VL  - 288
SN  - 978-1-84855-313-2, 978-1-84855-312-5/0573-8555
DO  - 10.1108/S0573-8555(2009)0000288009
UR  - https://doi.org/10.1108/S0573-8555(2009)0000288009
AU  - Erwin Diewert W.
AU  - Fox Kevin J.
ED  - Daniel J. Slottje
PY  - 2009
Y1  - 2009/01/01
TI  - Chapter 6 The Normalized Quadratic Expenditure Function
T2  - Quantifying Consumer Preferences
T3  - Contributions to Economic Analysis
PB  - Emerald Group Publishing Limited
SP  - 149
EP  - 178
Y2  - 2024/09/26
ER  -