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A Note on the Differentiability of Consumer Demand Functions

✍ Scribed by Donald W. Katzner


Book ID
121199505
Publisher
John Wiley and Sons
Year
1968
Tongue
English
Weight
111 KB
Volume
36
Category
Article
ISSN
0012-9682

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A note on demand functions with uncertai
✍ Harish Krishnan πŸ“‚ Article πŸ“… 2010 πŸ› Elsevier Science 🌐 English βš– 294 KB

Demand functions with ''additive'' and ''multiplicative'' uncertainty can fail to satisfy the ''Slutsky symmetry'' conditions required for demand to be based on utility maximization. This makes welfare analysis infeasible, which is important in many applications. Additive uncertainty can also genera