A class of utility functions yielding linear demand functions.

Focuses on linear demand functions as a form for deriving properties of economic models. Use of linear demand functions in microeconomic textbooks to demonstrate different properties of demand; Adoption of linearity assumption for analytical convenience; Derivation of the utility function.

Bibliographic Details
Published in:American Economist Vol. 40; no. 1; pp. 20 - 24
Main Authors: Alperovich, Gershon, Weksler, Itzhak
Format: Article
Published: Sage Publications Inc. Spring96
Subjects:
Online Access:View this record in EBSCOhost
Description
Summary:Focuses on linear demand functions as a form for deriving properties of economic models. Use of linear demand functions in microeconomic textbooks to demonstrate different properties of demand; Adoption of linearity assumption for analytical convenience; Derivation of the utility function.