Duality, Quantity Constraints and Consumer behaviour

Richard Cornes

The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics

Abstract: Until the recent revival of interest among macroeconomists whose work is surveyed by Malinvaud (1977), the systematic analysis of quantity-constrained behaviour in a multimarket setting has attracted surprisingly little attention since the classis survey by Tobin (1952). The few exceptions, in addition to the works cited by Malinvaud, are the discussion by Gould and Henry (1967) of price control, the systematic analysis by Pollak (1969) of conditional demand functions, and a recent attempt by Howard (1977), not entirely successful, to extend the scope of the earlier treatment of consumer choice under quantity rationing by Tobin and Houthakker (1951).

Pages: 31 pages
Date: 1979
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Related works:
Working Paper: Duality, Quantity Constraints and Consumer Behavior (1979)
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Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:149

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