Homogeneity and Supply
7 Pages Posted: 28 Apr 2020
Date Written: August 2008
Supply functions in the ubiquitous Gorman class are examined for their homogeneity properties. Homogeneity places surprisingly strong restrictions on functional forms. These forms facilitate testing of aggregability given homogeneity or homogeneity given aggregability or testing both.
Keywords: functional form, homogeneity, supply
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