Injectivity and the law of demand

DOI10.1016/J.ECONLET.2022.110496MaRDI QIDQ2158374zbMATH OpenOpenAlexWikidataFDO

Authors Roy Allen

Publication date 26 July 2022

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/1908.05714

zbMATH Keywords

complementarityinjectivitylaw of demand

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42)

Abstract: Establishing that a demand mapping is injective is core first step for a variety of methodologies. When a version of the law of demand holds, global injectivity can be checked by seeing whether the demand mapping is constant over any line segments. When we add the assumption of differentiability, we obtain necessary and sufficient conditions for injectivity that generalize classical cite{gale1965jacobian} conditions for quasi-definite Jacobians.

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Cited in

(2)

• Conditions for injectivity in the issue of factor price equalization
• Pigou's law and the proportionality of income and price elasticities of demand

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