@techreport{Minagawa2012generalized,
abstract = {The Alchian-Allen substitution theorem states that an increase of the prices of two similar goods by the same amount leads to a relative increase in the compensated demand of the more expensive good. In this paper we generalize this theorem to ordinary demand functions and show under which conditions the Alchian-Allen result continues to hold when income and endowment effects are taken into account.},
address = {M\"{u}nchen},
author = {Junichi Minagawa and Thorsten Upmann},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D11; 330; the Alchian-Allen theorem; income and endowment effects},
language = {eng},
number = {3969},
publisher = {CESifo},
title = {The generalized Alchian-Allen theorem},
type = {CESifo Working Paper: Empirical and Theoretical Methods},
url = {http://hdl.handle.net/10419/65851},
year = {2012}
}
