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dc.contributor.authorDasgupta, Indraneelen
dc.contributor.authorPattanaik, Prasanta K.en
dc.date.accessioned2010-03-17-
dc.date.accessioned2010-07-07T12:05:33Z-
dc.date.available2010-07-07T12:05:33Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/36031-
dc.description.abstractNon-positivity of the generalized substitution effect, non-positivity of the own-price substitution effect, homogeneity of degree zero in all prices and income, and the law of demand are some of the most primitive comparative static results in the standard revealed preference theory of consumers' behaviour. These results are however derived for demand functions. The literature does not have corresponding comparative static results for the more plausible case of demand correspondences, where the consumer is permitted to have multiple chosen bundles in a given price-income situation. Using the revealed preference approach to the theory of consumers' behaviour, this note establishes such results for demand correspondences; the analysis can be readily adapted to prove corresponding results in the preference-based approach.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x4818en
dc.subject.jelD11en
dc.subject.ddc330en
dc.subject.keywordDemand correspondenceen
dc.subject.keywordweak axiom of revealed preferenceen
dc.subject.keywordnon-positivity of generalized substitution effecten
dc.subject.keywordnon-positivity of own-price substitution effecten
dc.subject.keywordhomogeneity of degree zeroen
dc.subject.keywordlaw of demanden
dc.subject.stwKonsumtheorieen
dc.subject.stwOffenbarte Präferenzenen
dc.subject.stwProduktsubstitutionen
dc.subject.stwSubstitutionseffekten
dc.subject.stwTheorieen
dc.titleComparative statics for a consumer with possibly multiple optimum consumption bundles-
dc.type|aWorking Paperen
dc.identifier.ppn621252565en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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