Mention961417

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so:text Usually it is easier to obtain estimates for budget proportions and Engel elasticities than for elasticities with respect to price. By making certain want independence assumptions, the elasticities with respect to price can be deduced from the knowledge of budget proportions and Engel elasticities. In this connection the concept of the flexibility of the marginal utility of money is essential. A system of formulae decribing these relations is given. (en)
so:isPartOf https://en.wikiquote.org/wiki/Ragnar_Frisch
so:description 1940-60s (en)
qkg:hasContext qkg:Context473932
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