Working paper
Not so demanding: preference structure, firm behavior, and welfare
- Abstract:
-
We introduce two new tools for relating preferences and demand to firm behavior and economic performance. The "Demand Manifold" links the elasticity and convexity of an arbitrary demand function; the "Utility Manifold" links the elasticity and concavity of an arbitrary utility function. Along the way we present some new families of demand functions; show how the structure of demand and preferences determine the responses of monopoly firms and monopolistically competitive industries to exoge...
Expand abstract
- Publication status:
- Published
Actions
Authors
Bibliographic Details
- Publisher:
- University of Oxford Publisher's website
- Series:
- Department of Economics Discussion Paper Series
- Publication date:
- 2013-12-31
- Paper number:
- 691
Item Description
- Keywords:
- Pubs id:
-
1143722
- Local pid:
- pubs:1143722
- Deposit date:
- 2020-12-15
Terms of use
- Copyright date:
- 2013
- Rights statement:
- Copyright 2013 The Author(s)
Metrics
If you are the owner of this record, you can report an update to it here: Report update to this record