Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/253484 
Year of Publication: 
2020
Citation: 
[Journal:] Theoretical Economics [ISSN:] 1555-7561 [Volume:] 15 [Issue:] 4 [Publisher:] The Econometric Society [Place:] New Haven, CT [Year:] 2020 [Pages:] 1307-1333
Publisher: 
The Econometric Society, New Haven, CT
Abstract: 
While many theoretical works, particularly in Family Economics, rely on the Transferable Utility (TU) assumption, its exact implications in terms of individual preferences have never been fully worked out. In this paper, we provide a set of necessary and sufficient conditions for a group to satisfy the TU property. We express these conditions in terms of both individual indirect utilities and individual demand functions. Lastly, we describe the link between this question and a standard problem in consumer theory (initially raised by Gorman 1953), and explain why a similar characterization in terms of direct utilities cannot obtain.
Subjects: 
Transferable utility
matching
Gorman polar form
JEL: 
D1
C7
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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