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Homothetic preferences and linear demand function in wealth
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Daniel Royer
Mar 6, 2008, 3:13:36 AM3/6/08
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Can somebody point me to a proof that with homothetic preferences the
demand function is linear in wealth?
I have the one using the indirect utiliy function and Roy's theorem but
I 'm looking for a more "direct" one.
demand function is linear in wealth?
I have the one using the indirect utiliy function and Roy's theorem but
I 'm looking for a more "direct" one.
Daniel
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Daniel Royer
University of Geneva
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JayAb...@gmail.com
Apr 6, 2008, 1:43:59 AM4/6/08
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