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https://hdl.handle.net/10419/65851
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Minagawa, Junichi | en |
dc.contributor.author | Upmann, Thorsten | en |
dc.date.accessioned | 2012-11-01 | - |
dc.date.accessioned | 2012-11-02T17:10:55Z | - |
dc.date.available | 2012-11-02T17:10:55Z | - |
dc.date.issued | 2012 | - |
dc.identifier.uri | http://hdl.handle.net/10419/65851 | - |
dc.description.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. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x3969 | en |
dc.subject.jel | D11 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | the Alchian-Allen theorem | en |
dc.subject.keyword | income and endowment effects | en |
dc.title | The generalized Alchian-Allen theorem | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 729068935 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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