Preferences and Normal Goods : a Necessary and Sufficient Condition

This Note Presents a Necessary and Sufficient Condition for All Goods to Be Normal, in the Case of Differentiable Individual Demand. This Condition Appears As a Relationship Between the Quantity Effects on Marginal Willingness to Pay and Is Consequently a Characteristic of the Preference Order. It Can Be Interpreted As a Weakening of the Kind of Complementary Implied by the Leroux's Previous Sufficient Condition.

MoreLess

Year of publication:	1988
Authors:	Alarie, Y. ; Bronsard, C. ; Ouellette, P.
Institutions:	Département de Sciences Économiques, Université de Montréal
Subject:	Goods \| Marginality \| Mathematics

More details

Series:	Cahiers de recherche.
Type of publication:	Book / Working Paper
Notes:	7 pages long. pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005133199