We examine the properties ensuring that individual expenditure functions, derived within the context of the collective household model, are legitimate individual cost functions. Our curvature results are important for the characterization of collective demand functions as well and for the measurement of inequality within the household.
A Characterization of Collective Individual Expenditure Functions. WP Series University of Verona Department of Economics (ISSN: 2036-2919 (paper), 2036-4679 (online)), 20/2012
MENON, Martina;PAGANI, Elisa;PERALI, Carlo Federico
2012-01-01
Abstract
We examine the properties ensuring that individual expenditure functions, derived within the context of the collective household model, are legitimate individual cost functions. Our curvature results are important for the characterization of collective demand functions as well and for the measurement of inequality within the household.
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