General Properties of Expected Demand Functions: Negativity (No Giffen Good) and Homogeneity - A Descriptive Non Utility Maximizing Approach

Lars-Göran Larsson ()
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Lars-Göran Larsson: Department of Economics, School of Business, Economics and Law, Göteborg University, Postal: Box 640, SE 40530 GÖTEBORG

No 469, Working Papers in Economics from University of Gothenburg, Department of Economics

Abstract: In this paper we assume that choice of commodities at the individual (household) level is made in the budget set and that the choice can be described by a probability density function. We prove that negativity (()0xExp

Keywords: Negativity (No Giffen good) and other properties of consumer demand functions; Microeconomics; Consumer theory; Consumer behaviour; Choice described in random terms; Expected individual and market demand (search for similar items in EconPapers)
JEL-codes: C60 D01 D11 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2010-09-17
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