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Asymmetric substitutability: theory and some applications

Kris De Jaegher

No 08-02, Working Papers from Utrecht School of Economics

Abstract: 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)
Date: 2008-01
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Journal Article: ASYMMETRIC SUBSTITUTABILITY: THEORY AND SOME APPLICATIONS (2009) Downloads
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