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We consider the invertibility (injectivity) of a nonparametric nonseparable demand system. Invertibility of demand is … demand and can accommodate many models in which goods are complements. They allow one to show invertibility without strict …
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strictly monotonically increases with income. Whether the two goods are market substitutes or complements depends on, besides …
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In this paper, necessary and sufficient conditions for an asset substitution matrix to be symmetric for all distributions of rates of return are derived. It is found that symmetry in this context is essentially equivalent to the proposition that the von Neumann-Morgenstern utility function...
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