How normal is normality in consumption?

Murray Kemp

Economics Letters, 2008, vol. 101, issue 1, 44-47

Abstract: It is shown by robust example that if a household's financial budget and its Gossenian time budget are binding in equilibrium then at least one commodity must be inferior in the household's consumption.

Keywords: Time; constraints; Normality; in; consumption (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (1)

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