Mind the gap! A note on the income and the substitution effects

Luca Panaccione

Economics Bulletin, 2011, vol. 31, issue 1, 807-811

Abstract: In this note, I study how the magnitude of the substitution and the income effects affects the change in the demand for a good following an own-price variation in a single consumer choice model with multiple goods.

Keywords: Own-Price Effect; Slutsky Equation; Elasticity of Substitution (search for similar items in EconPapers)
JEL-codes: D1 (search for similar items in EconPapers)
Date: 2011-03-14
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