Dasgupta, Indraneel; Pattanaik, Prasanta K. - University <Nottingham> / Department of Economics; … - 2007
, general substitution theorem, demand theorem.
JEL Classification Number: D11 ….
Proposition 6.1. (General Substitution Theorem) A tight SDC, C, satisfies WASRP if and only if it
also satisfies SS.
Proof …: See the Appendix.
The General Substitution Theorem (Proposition 6.1) is our central result. Under the
assumption of …