Luxuries are Easier to Postpone: A Proof

Research output: Contribution to journal › Journal article › Research › peer-review

Standard

Luxuries are Easier to Postpone : A Proof. / Browning, Martin; Crossley, Thomas.

In: Journal of Political Economy, Vol. 108, No. 5, 2000, p. 1022-1026.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Browning, M & Crossley, T 2000, 'Luxuries are Easier to Postpone: A Proof', Journal of Political Economy, vol. 108, no. 5, pp. 1022-1026. <http://links.jstor.org/sici?sici=0022-3808%28200010%29108%3A5%3C1022%3ALAETPA%3E2.0.CO%3B2-P>

APA

Browning, M., & Crossley, T. (2000). Luxuries are Easier to Postpone: A Proof. Journal of Political Economy, 108(5), 1022-1026. http://links.jstor.org/sici?sici=0022-3808%28200010%29108%3A5%3C1022%3ALAETPA%3E2.0.CO%3B2-P

Vancouver

Browning M, Crossley T. Luxuries are Easier to Postpone: A Proof. Journal of Political Economy. 2000;108(5):1022-1026.

Author

Browning, Martin ; Crossley, Thomas. / Luxuries are Easier to Postpone : A Proof. In: Journal of Political Economy. 2000 ; Vol. 108, No. 5. pp. 1022-1026.

Bibtex

@article{3ea503b074c611dbbee902004c4f4f50,
title = "Luxuries are Easier to Postpone: A Proof",
abstract = "We show that (Marshallian) income elasticities are proportional to (Frisch) own price elasticities if all goods are additively separable. This implies that luxuries are likely to be easier to postpone. It also implies that preferences over {"}consumption{"} are unlikely to display a constant elasticity of substitution",
author = "Martin Browning and Thomas Crossley",
note = "JEL Classification: D",
year = "2000",
language = "English",
volume = "108",
pages = "1022--1026",
journal = "Journal of Political Economy",
issn = "0022-3808",
publisher = "University of Chicago Press",
number = "5",

}

RIS

TY - JOUR

T1 - Luxuries are Easier to Postpone

T2 - A Proof

AU - Browning, Martin

AU - Crossley, Thomas

N1 - JEL Classification: D

PY - 2000

Y1 - 2000

N2 - We show that (Marshallian) income elasticities are proportional to (Frisch) own price elasticities if all goods are additively separable. This implies that luxuries are likely to be easier to postpone. It also implies that preferences over "consumption" are unlikely to display a constant elasticity of substitution

AB - We show that (Marshallian) income elasticities are proportional to (Frisch) own price elasticities if all goods are additively separable. This implies that luxuries are likely to be easier to postpone. It also implies that preferences over "consumption" are unlikely to display a constant elasticity of substitution

M3 - Journal article

VL - 108

SP - 1022

EP - 1026

JO - Journal of Political Economy

JF - Journal of Political Economy

SN - 0022-3808

IS - 5

ER -

ID: 148789