Zur Begründung der linearen Nachfragefunktion in der Haushaltstheorie / Reasons for the Linear Demand Function in Consumer Theory

Klaus Schöler and Kneis Gert
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Kneis Gert: Universität Potsdam, Mathematisch-Naturwissenschaftliche Fakultät, Institut für Mathematik, Postfach 60 15 53, D-14415 Potsdam

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2003, vol. 223, issue 5, 571-580

Abstract: The intention of this paper is to find a utility function for the often used linear demand functions. The derivation of a utility function with such properties leads to a surprising result: Not only one utility function, but a class of utility functions has the required properties. It also gets clear that in a world of two goods one demand function is linear with respect to the price, and the demand for the second good is described by a convex function in the price-quantity-diagram.

Keywords: Linear demand function; consumer theory; Lineare Nachfragefunktion; Haushaltstheorie; Linear demand function; consumer theory (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:jns:jbstat:v:223:y:2003:i:5:p:571-580

DOI: 10.1515/jbnst-2003-0505

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