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:	2008-01
Authors:	Jaegher, K. de
Institutions:	School of Economics, Universiteit Utrecht
Subject:	asymmetric substitutability \| consumer theory

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 08-02
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005040965