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Certain problems in comparative statics, including (but not exclusively) certain problems in consumer theory, cannot be easily addressed by the methods of lattice programming. One reason for this is that there is no order on the choice space which orders choices in a way which conforms with the...
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deserves analysis.  The literature on structural change has emphasised changing patterns of demand as an explanation for the … increasing importance of the services sector.  In order to establish the significance of private final demand as an explanation …
Persistent link: https://www.econbiz.de/10011004136
It is universally accepted that children have important effects on household demand patterns. This is usually … observed correlations between children and demand patterns are due to non-direct effects, such as fixed effects, state … who do not have children currently living at home. If there are only direct effects then the demand patterns of those who …
Persistent link: https://www.econbiz.de/10010604812
This paper examines conditions which guarantee that the excess demand function of an exchange economy will satisfy the … having von Neumann-Morgenstern utility functions. We show that the structural properties of demand near an equilibrium price …
Persistent link: https://www.econbiz.de/10010605239
This paper compares the goods and characteristics models of the consumer within a traditional demand framework.  We …
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