Èermáková, Jana - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 1, pp. 33-45
This essay examines the influence of income differentiation on private consumption. The author illustrates how to derive the total demand on individual goods from curves describing the income differentiation within the population (e.g., Lorenz) and the Engel curve. This model is later used to...