Preferences and Normal Goods: a Necessary and Sufficient Condition

Y. Alarie, C. Bronsard and Pierre Ouellette

Cahiers de recherche from Universite de Montreal, Departement de sciences economiques

Abstract: This Note Presents a Necessary and Sufficient Condition for All Goods to Be Normal, in the Case of Differentiable Individual Demand. This Condition Appears As a Relationship Between the Quantity Effects on Marginal Willingness to Pay and Is Consequently a Characteristic of the Preference Order. It Can Be Interpreted As a Weakening of the Kind of Complementary Implied by the Leroux's Previous Sufficient Condition.

Keywords: Goods; Marginality; Mathematics (search for similar items in EconPapers)
Pages: 7P. pages
Date: 1988
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Preferences and normal goods: A necessary and sufficient condition (1990)
Working Paper: PREFERENCES AND NORMAL GOODS: A NECESSARY AND SUFFICIENT CONDITION (1988)
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Persistent link: https://EconPapers.repec.org/RePEc:mtl:montde:8815

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