The substitution effect from the profit function in consumption: Expressions from the marshallian, hicksian, and frischian demand functions
Gimenez-Nadal, J.I. (Universidad de Zaragoza)
Resumen: In the context of the optimizing behaviour assumption of individuals (Becker, 1976), three types of demand functions appear: Marshallian, Hicksian, and Frischian functions (Sproule, 2013). The Substitution Effect (SE) is a relevant concept, with our short paper developing two alternative theoretical expressions, specifically focusing on the Profit Function in Consumption and the Frischian functions. I address the fact that these demand functions with constant marginal utility of income play a very relevant role in the inter-temporal context.
Idioma: Inglés
DOI: 10.17811/ebl.7.3.2018.92-97
Año: 2018
Publicado en: Economic and business lertters 7, 3 (2018), 92-97
ISSN: 2254-4380
Factor impacto SCIMAGO: 0.104 - Economics, Econometrics and Finance (miscellaneous) (Q4) - Business and International Management (Q4)
Tipo y forma: Article (Published version)
Área (Departamento): Área Fund. Análisis Económico (Dpto. Análisis Económico)
You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
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Idioma: Inglés
DOI: 10.17811/ebl.7.3.2018.92-97
Año: 2018
Publicado en: Economic and business lertters 7, 3 (2018), 92-97
ISSN: 2254-4380
Factor impacto SCIMAGO: 0.104 - Economics, Econometrics and Finance (miscellaneous) (Q4) - Business and International Management (Q4)
Tipo y forma: Article (Published version)
Área (Departamento): Área Fund. Análisis Económico (Dpto. Análisis Económico)
You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. Exportado de SIDERAL (2020-01-17-21:51:02)
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Record created 2019-01-31, last modified 2020-01-17