Injectivity and the law of demand

DOI10.1016/J.ECONLET.2022.110496zbMATH Open1493.91072arXiv1908.05714OpenAlexW3125235973WikidataQ123335931 ScholiaQ123335931MaRDI QIDQ2158374FDOQ2158374

Authors: Roy Allen 

Publication date: 26 July 2022

Published in: Economics Letters (Search for Journal in Brave)

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.

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

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zbMATH Keywords

complementarityinjectivitylaw of demand

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42)

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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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