New results on the preference independence transformation

Christopher Flinn, Kenneth Laitinen, Henri Theil

    Research output: Contribution to journalArticle

    Abstract

    A preference independence transformation of U.S. consumption data, including leisure, shows that affordable free time is the transformed good with the largest share in the semidurables/ durables/leisure group. Other results concern the effect of the transformation on the group structure under weak separability.

    Original languageEnglish (US)
    Pages (from-to)179-181
    Number of pages3
    JournalEconomics Letters
    Volume1
    Issue number2
    DOIs
    StatePublished - 1978

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    ASJC Scopus subject areas

    • Finance
    • Economics and Econometrics

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