Linear demand functions in theory and practice (Q1062890): Difference between revisions
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scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Linear demand functions in theory and practice |
scientific article |
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Linear demand functions in theory and practice (English)
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1985
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Integrability conditions for an incomplete system of linear demand functions are considered. The parameter restrictions consistent with integrability are identified, and the structure of the conditional preference map is obtained. It is found that the conditional preferences for a set of linear demand functions are either quadratic or Leontief from a translated origin. Welfare analysis with linear demand models is also considered.
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consumer demand
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Integrability conditions
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incomplete system of linear demand functions
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