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A MEAN DEMAND FUNCTION AND INDIVIDUAL DEMAND FUNCTIONS CONFRONTED WITH THE WEAK AND THE STRONG....

Focuses on an empirical investigation on the mean and individual demand functions confronted with the axioms of revealed preference of consumers. Correspondence between price and consumption vectors; Comparison of simulated demand functions; Stochastic theory of consumption.

Published in:Econometrica Vol. 40; no. 1; pp. 177 - 193
Main Author: Mossin, Axel
Format: Article
Published: Wiley-Blackwell Jan1972
Subjects:
Demand function
Consumer preferences
Consumption (Economics)
Online Access:View this record in EBSCOhost
Summary:Focuses on an empirical investigation on the mean and individual demand functions confronted with the axioms of revealed preference of consumers. Correspondence between price and consumption vectors; Comparison of simulated demand functions; Stochastic theory of consumption.