A Selective Survey of Demand Theory

Ralf Wilke

Discussion Papers in Economics from University of Dortmund, Department of Economics

Abstract: This paper surveys recent approaches to the explanation of how the shape of mean demand is determined. The main focus is to address the following questions: Is it necessary to impose specific behavior of the households in order to achieve regularities of mean demand or is it sufficient to know that a certain degree of behavioral heterogeneity implies structural properties of mean demand, such as the Law of Demand? Firstly, results of classic, utility based, demand theory are presented. Secondly, newer approaches are shown which are essentially based on the fact that households behave heterogeneously. It is shown that both approaches may serve as a justification for structural properties of mean demand. (This version: March, 2002)

Pages: 17 pages
Date: 2001-04
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.wiso.uni-dortmund.de/mik/de/content/forschung/DPSeries/PDF/01-07.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to www.wiso.uni-dortmund.de:80 (No such host is known. )

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mik:wpaper:01_07

Access Statistics for this paper

More papers in Discussion Papers in Economics from University of Dortmund, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Eva Borchard ( this e-mail address is bad, please contact ).