Demand theory
Böhm V, Haller H (2008)
In: Abramovitz - collusion. Durlauf SN, Blume LE (Eds); The new Palgrave dictionary of economics, 1 2. Aufl. Basingstoke: Macmillian: 896.
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Autor*in
Böhm, VolkerUniBi;
Haller, Hans
Herausgeber*in
Durlauf, Steven N.;
Blume, Lawrence E.
Einrichtung
Abstract / Bemerkung
Demand theory describes and explains individual choice of consumption bundles. Traditional theory considers optimizing behaviour when the consumer's choice is restricted to consumption bundles that satisfy a budget constraint. The budget constraint is determined by price–income pairs. A demand correspondence assigns to each price–income pair a non-empty set of optimal consumption bundles. A demand function assigns to each price–income pair a unique optimal consumption bundle. Optimality of consumption bundles is based on a preference relation. The theory derives existence and properties of demand correspondences (demand functions) from assumptions on preference relations and, if applicable, their utility representations.
Erscheinungsjahr
2008
Buchtitel
Abramovitz - collusion
Serientitel
The new Palgrave dictionary of economics
Band
1
Seite(n)
896
ISBN
978-0-230-22637-1
Page URI
https://pub.uni-bielefeld.de/record/2777611
Zitieren
Böhm V, Haller H. Demand theory. In: Durlauf SN, Blume LE, eds. Abramovitz - collusion. The new Palgrave dictionary of economics. Vol 1. 2. Aufl. Basingstoke: Macmillian; 2008: 896.
Böhm, V., & Haller, H. (2008). Demand theory. In S. N. Durlauf & L. E. Blume (Eds.), The new Palgrave dictionary of economics: Vol. 1. Abramovitz - collusion (2. Aufl., p. 896). Basingstoke: Macmillian. doi:10.1057/9780230226203.0372
Böhm, Volker, and Haller, Hans. 2008. “Demand theory”. In Abramovitz - collusion, ed. Steven N. Durlauf and Lawrence E. Blume, 2. Aufl., 1:896. The new Palgrave dictionary of economics. Basingstoke: Macmillian.
Böhm, V., and Haller, H. (2008). “Demand theory” in Abramovitz - collusion, Durlauf, S. N., and Blume, L. E. eds. The new Palgrave dictionary of economics, vol. 1, 2. Aufl. (Basingstoke: Macmillian), 896.
Böhm, V., & Haller, H., 2008. Demand theory. In S. N. Durlauf & L. E. Blume, eds. Abramovitz - collusion. The new Palgrave dictionary of economics. no.1 2. Aufl. Basingstoke: Macmillian, pp. 896.
V. Böhm and H. Haller, “Demand theory”, Abramovitz - collusion, S.N. Durlauf and L.E. Blume, eds., The new Palgrave dictionary of economics, vol. 1, 2. Aufl., Basingstoke: Macmillian, 2008, pp.896.
Böhm, V., Haller, H.: Demand theory. In: Durlauf, S.N. and Blume, L.E. (eds.) Abramovitz - collusion. The new Palgrave dictionary of economics. 1, 2. Aufl. p. 896. Macmillian, Basingstoke (2008).
Böhm, Volker, and Haller, Hans. “Demand theory”. Abramovitz - collusion. Ed. Steven N. Durlauf and Lawrence E. Blume. 2. Aufl. Basingstoke: Macmillian, 2008.Vol. 1. The new Palgrave dictionary of economics. 896.
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