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  • Search: subject:"Law of Demand and other properties of consumer demand"
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Choice described in random terms 1 Consumer behaviour 1 Consumer theory 1 Expected individual and market demand 1 Law of Demand and other properties of consumer demand 1 Microeconomics 1
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Free 1
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Book / Working Paper 1
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Larsson, Lars-Göran 1
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Nationalekonomiska institutionen, Handelshögskolan 1
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Working Papers in Economics 1
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On the Law of Demand. - A mathematically simple descriptive approach for general probability density functions
Larsson, Lars-Göran - Nationalekonomiska institutionen, Handelshögskolan - 2009
In this paper we assume that choice of commodities at the individual (household) level is made inside the budget set and that the choice can be described by a probability density function. We prove that law of demand()0xExpis valid for one(x) or two choice variables (x, y)*. The law of...
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