Reconsidering the Economics of Demand Analysis with Kinked Budget Constraints.
This paper has two objectives. First, we identify a problem with the ability of the discrete-continuous choice framework and conditional demand functions to fully describe consumer preferences in the presence of kinked budget constraints. Second, we propose and illustrate an alternative, preference-...
| Publicado en: | Land Economics Vol. 86; no. 1; pp. 173 - 191 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
University of Wisconsin Press
February 2010
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |