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THE SEPARATION OF INCOME AND SUBSTITUTION EFFECTS

โœ Scribed by DAVID M. WINCH


Book ID
115201675
Publisher
Oxford University Press
Year
1963
Tongue
English
Weight
571 KB
Volume
1
Category
Article
ISSN
0095-2583

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๐Ÿ“œ SIMILAR VOLUMES


Duality, income and substitution effects
โœ Carmen F. Menezes; X. Henry Wang ๐Ÿ“‚ Article ๐Ÿ“… 2005 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 172 KB

This paper uses duality theory to decompose the total effect on the competitive firm's output of an increase in the riskiness of output price into income and substitution effects. Properties of preferences that control the sign of each effect are identified. The analysis extends to the general class