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26:
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Stone, Richard (1954). "Linear
Expenditure Systems and Demand Analysis: An Application to the Pattern of British Demand".
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404:{\displaystyle q_{i}=\gamma _{i}+{\frac {\beta _{i}}{p_{i}}}(y-\sum _{j}\gamma _{j}p_{j})}
8:
256:
The Stone–Geary utility function gives rise to the Linear
Expenditure System. In case of
628:
599:
588:
Klein, L. R.; Rubin, H. (1947–1948). "A Constant-Utility Index of the Cost of Living".
570:
464:
417:
156:
105:
685:
539:
559:
Geary, Roy C. (1950). "A Note on 'A Constant-Utility Index of the Cost of Living'".
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702:
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684:(Third ed.). Boston: Irwin McGraw-Hill. pp. 357–363.
92:{\displaystyle U=\prod _{i}(q_{i}-\gamma _{i})^{\beta _{i}}}
484:
The Stone–Geary utility function was first derived by
249:, the Stone–Geary function reduces to the generalised
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The
Structure of Economics: A Mathematical Analysis
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655:"R.C. Geary's Contributions to Economic Theory"
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675:
534:(Third ed.). New York: Norton. pp.
678:"Empirical Estimation and Functional Forms"
662:R.C. Geary, 1893–1983: Irish Statistician
664:. Dublin: Oak Tree Press. Archived from
676:Silberberg, Eugene; Suen, Wing (2001).
701:
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292:{\displaystyle \sum _{i}\beta _{i}=1}
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488:, in a comment on earlier work by
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500:was the first to estimate the
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73:
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1:
526:"Estimating consumer demands"
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242:{\displaystyle \gamma _{i}=0}
18:Stone–Geary utility function
7:
299:the demand function equals
10:
725:
591:Review of Economic Studies
562:Review of Economic Studies
434:is total expenditure, and
660:. In Conniffe, D. (ed.).
206:{\displaystyle \gamma }
153:is consumption of good
709:Utility function types
531:Microeconomic Analysis
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186:{\displaystyle \beta }
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461:is the price of good
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146:{\displaystyle q_{i}}
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502:Linear Expenditure
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474:{\displaystyle i}
427:{\displaystyle y}
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166:{\displaystyle i}
115:{\displaystyle U}
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627:(255): 511–527.
620:Economic Journal
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20:takes the form
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671:on 2005-03-25.
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666:the original
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598:(2): 84–87.
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569:(2): 65–66.
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494:Herman Rubin
486:Roy C. Geary
483:
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255:
251:Cobb–Douglas
215:
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17:
15:
522:Varian, Hal
508:References
253:function.
380:γ
370:∑
366:−
339:β
324:γ
275:β
265:∑
225:γ
201:γ
181:β
79:β
64:γ
60:−
38:∏
703:Category
653:(1997).
524:(1992).
504:System.
633:2227743
604:2295996
575:2296107
124:utility
688:
631:
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414:where
173:, and
102:where
669:(PDF)
658:(PDF)
629:JSTOR
600:JSTOR
571:JSTOR
686:ISBN
540:ISBN
492:and
216:For
193:and
16:The
536:212
122:is
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