Distribution of income and aggregation of demand

Francisco Marhuenda ()

Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: We show that, under certain regularity conditions, if the distribution of income is price independent and satisfies a condition on the shape of its graph, then total market demand, F(p), is monotone, i.e., given two positive prices p, and q, one has (p - q) . (F(p) - F( q))

Pages: 42 pages
Date: 1992-12
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Published by Ivie

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http://www.ivie.es/downloads/docs/wpasad/wpasad-1992-09.pdf Fisrt version / Primera version, 1992 (application/pdf)

Related works:
Journal Article: Distribution of Income and Aggregation of Demand (1995)
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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:1992-09

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