Asymmetric substitutability: theory and some applications

Economists usually describe goods as being either (gross) complements or (gross) substitutes. Yet, what is less known is that one good may be a gross substitute for a second good, while the second good is a gross complement to the first good. This paper shows the existence of asymmetric gross substitutability, and shows some potential examples and applications.

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Year of publication:	2008
Authors:	De Jaegher, Kris
Publisher:	Utrecht : Utrecht University, Utrecht School of Economics, Tjalling C. Koopmans Research Institute
Subject:	asymmetric substitutability \| consumer theory

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Series:	Discussion Papers Series ; 08-02
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	hdl:10419/322748 [Handle] RePEc:use:tkiwps:0802 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10015435117