ASYMMETRIC SUBSTITUTABILITY: THEORY AND SOME APPLICATIONS

Kris De Jaegher

Economic Inquiry, 2009, vol. 47, issue 4, 838-855

Abstract: Economists usually describe goods as being either (gross) complements or (gross) substitutes. Yet, what is less known is that one good may be a gross substitute for a second good, while the second good is a gross complement to the first good. This article develops a theory of asymmetric gross substitutability and suggests some potential examples and applications. (JEL D11)

Date: 2009
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