Asymmetric substitutability: theory and some applications
Kris De Jaegher
No 08-02, Working Papers from Utrecht School of Economics
Economists usually describe goods as being either (gross) complements or (gross) substitutes. Yet, what is less known is that one good may be a gross substitute for a second good, while the second good is a gross complement to the first good. This paper shows the existence of asymmetric gross substitutability, and shows some potential examples and applications.
Keywords: asymmetric substitutability; consumer theory (search for similar items in EconPapers)
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Journal Article: ASYMMETRIC SUBSTITUTABILITY: THEORY AND SOME APPLICATIONS (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:use:tkiwps:0802
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