Warianty tytułu
Języki publikacji
Abstrakty
In this note we provide a statistical interpretation of the Marshallian market demand curve of a commodity that obeys the law of demand and which has a finite and positivel level of satation. A consequence of our approach is that in the context of two goods, we are able to obtain demand functions which are very similar to those obtained by "budget-constrained Cobb-Douglas utility maximization", but now as a result of a "budget-constrained linear utility maximization" exercise, although our budget constraint is "slightly different" from the one that would be used for the former optimization problem (original abstract)(original abstract)
Twórcy
autor
- PD Energy University, Gandhinagar, India.
Bibliografia
- Katzner, D. (1970): Static Demand Theory, New York: Macmillan.
- Katzner, D. (2008): An Introduction to the Economic Theory of Market Behavior: Microeconomics from a Walrasian Perspective, Edward Elgar Publishing Ltd.
- Kihlstrom, R., Mas-Colell, A. and Sonnenschein, H. (1976): 'The demand theory of the weak axiom of revealed preference', Econometrica, vol. 44, pp. 971-978.
- Lahiri, S. (2020): 'Consumer surplus and budget constrained preference maximization: A note', Managerial Economics, vol. 21, No. 1, pp. 49-65.
- Lahiri, S. (2022a): Demand, Demand Curves and Consumers Surplus, 0LdLefYzJvQH5o/view [14 Sep 2023].
- Lahiri, S. (2022b): Demand, Demand Curves and Consumers Surplus: A Marshallian Approach, [Online], Available: https://drive.google.com
- Mas-Colell, A., Whinston, M.D. and Green, J.G. (1995): Microeconomic Theory, Oxford University Press.
- Petersen Craig, H. and Lewis Cris, W. (1999): Managerial Economics (Third Edition), New Delhi: Prentice-Hall of India Private Limited
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171677349
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