THE THEORY OF HOUSEHOLD BEHAVIOUR UNDER RATIONING.

Discusses the theory of household behavior under rationing using duality and the concept of virtual prices. Relation of the derivatives of the rationed demand functions into income and substitution effects to derivatives of the unrationed demand functions for finite as well as infinitesimal ration...

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Detalles Bibliográficos
Publicado en:	European Economic Review Vol. 13; no. 1; pp. 25 - 43
Autores principales:	Neary, J.P., Roberts, K.W.S.
Formato:	Artículo
Publicado:	Elsevier B.V. Jan1980
Materias:	Rationing Duality theory (Mathematics) Demand function Keynesian economics Multiplier (Economics)
Acceso en línea:	Ver este registro en EBSCOhost

Descripción
Sumario:	Discusses the theory of household behavior under rationing using duality and the concept of virtual prices. Relation of the derivatives of the rationed demand functions into income and substitution effects to derivatives of the unrationed demand functions for finite as well as infinitesimal ration levels; Comparison between Keynesian demand and Barro-Grossman supply multiplier.