Econometrica: Apr, 1960, Volume 28, Issue 2

Additive Preferences

https://doi.org/0012-9682(196004)28:2<244:AP>2.0.CO;2-K
p. 244-257

H. S. Houthakker

This paper considers the notion of additivity in connection with direct and indirect utility functions. The implications of direct and indirect additivity for demand elasticities are derived. An empirical comparison of a directly additive with an indirectly additive preference system suggests that direct additivity is more realistic.

Institutional Access

Publications

Econometrica

Journal News

June 30, 2023

Econometric Society's Journals Welcome First Data Editor

At their 2022 August EC meeting, the Executive Committee of the Econometric Society decided to bring a Data Editor onto the editorial boards of Econometrica, Quantitative Economics and Theoretical Economics. The Society is excited to announce that Joan Llull and his established team will be starting July 1, 2023 as the Society’s first Data Editor. He will bring extensive experience having been Data Editor for the Royal Economic Society and their two journals, the Economic Journal and the Econometrics Journal.

View