The Law of Demand When Income Is Price Dependent

DOI10.2307/2171742zbMATH Open0887.90028OpenAlexW2079061000MaRDI QIDQ4367744FDOQ4367744

Authors: John K.-H. Quah 

Publication date: 25 May 1998

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2171742

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zbMATH Keywords

stabilityaggregate demandexchange economiesproduction economieshomothetic transformationsuniqueness of the price equilibrium

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) General equilibrium theory (91B50)

Cited In (23)

• A general equilibrium analysis of strategic arbitrage
• Title not available (Why is that?)
• Small Income Effects: A Marshallian Theory of Consumer Surplus and Downward Sloping Demand
• A stronger criterion for the Weak Weak Axiom.
• Dispersed excess demands, the weak axiom and uniqueness of equilibrium
• The existence of equilibrium without fixed-point arguments
• Injectivity and the law of demand
• Market Dynamics and the Law of Demand
• The characterization of demand and excess demand functions, revisited
• Behavioral heterogeneity Pareto distributions of homothetic preference scales and aggregate expenditures income elasticities
• Weak axiomatic demand theory
• The uncompensated law of demand in an exchange economy
• Characterizing demand functions with price dependent income
• Distributions of Preferences and the "Law of Demand"
• Distribution of Income and Aggregation of Demand
• Macrostructures in Microeconomic Dynamics
• Transformations of the commodity space, behavioral heterogeneity, and the aggregation problem
• The existence of equilibrium when excess demand obeys the weak axiom
• Violation of the law of demand
• Linear-homothetic preferences
• The law of demand implies limits to chaos
• Offer curves and uniqueness of competitive equilibrium
• Pigou's law and the proportionality of income and price elasticities of demand

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