Statistical Engel Curves, Income Distributions and the "Law of Demand"
Birgit Grodal and
Werner Hildenbrand
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Werner Hildenbrand: University of Bonn
No 90-14, Discussion Papers from University of Copenhagen. Department of Economics
Abstract:
The note shows that the following features of a consumption sector tends to enforce the "Law of Demand": The statistical Engelcurves "bend slowly" and there is sufficiently "dispersion" in the distribution of income.
Pages: 11 pages
Date: 1990-09
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Persistent link: https://EconPapers.repec.org/RePEc:kud:kuiedp:9014
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