loglineær/piglog

12:42 Dec 4, 2007
Norwegian to English translations [PRO]
Social Sciences - Mathematics & Statistics
Norwegian term or phrase: loglineær/piglog
Ekvivalensskalaen er entydig bestemt av etterspørselsdata bare hvis utgiftsfunksjonen ikke er loglineær i velferd (piglog).
Carole Hognestad
Local time: 00:38


Summary of answers provided
4log-linear/PIGLOG
Solfrid Lokslid


  

Answers


15 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
log-linear/PIGLOG


Explanation:
PIGLOG = Price Independent Generalized Logarithmic
This seems to be used extensively in connection with equivalence scales and welfare analysis. See examples below.

http://www.springerlink.com/content/f7q2h21q1x05828j/

This paper clarifies the conditions under which PIGLOG and extended PIGLOG preferences can identify household equivalence scales. The results are of interest to practitioners who have to elect preferences suitable for welfare analysis. It also shows that independent of the base utility equivalence scales are the same whether the budget shares of the demand systems are linear or quadratic in log income

Example sentence(s):
  • I first test whether there are log-linear Engel curves in the identified set, which corresponds to a PIGLOG specification for the demand system.

    Reference: http://www.econ.yale.edu/seminars/jr-fac/jf07/Santos.pdf
Solfrid Lokslid
United States
Local time: 18:38
Native speaker of: Norwegian
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