The translog utility function and the Tornqvist quantity index

Hartwick, John M.

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Research . 2020

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The translog utility function and the Tornqvist quantity index

descriptionPublicationkeyboard_double_arrow_right Research 01 Jan 2020 English Publisher:Kingston (Ontario): Queen's University, Department of Economics

Authors: Hartwick, John M.;

handle: 10419/230587

The translog utility function and the Tornqvist quantity index

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Abstract

We re-visit the proposition: utility-change for the translog utility function equals the corresponding Tornqvist quantity index. We observe that the "linear" terms in the translog function must be zero for the result to obtain. We also report on the role of the assumption of homogeneity for the utility function in allowing the result to obtain.

Keywords

Tornqvist index, ddc:330, E01, O47, translog function

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