The Generalized Alchian-Allen Theorem: A Slutsky Equation for Relative Demand

Minagawa J, Upmann T (2015)
Economic Inquiry 53(4): 1893-1907.

Zeitschriftenaufsatz | Veröffentlicht | Englisch
 
Download
Es wurden keine Dateien hochgeladen. Nur Publikationsnachweis!
Autor*in
Minagawa, Junichi; Upmann, ThorstenUniBi
Abstract / Bemerkung
We generalize the Alchian-Allen theorem so as to account for income and endowment effects and provide two versions of a Generalized Alchian-Allen theorem: one for a unit cost component and one for a proportional cost component. Both versions provide a decomposition of an uncompensated change in the demand ratio of two goods into a substitution effect and an income-endowment effectand may thus be regarded as extensions of the familiar Slutsky equation for relative demand. Finally, we apply our results to the choice of real estates and to parental time allocation decisions, the latter providing implications for child care policies. (JEL D11, H21, J22, R21)
Erscheinungsjahr
2015
Zeitschriftentitel
Economic Inquiry
Band
53
Ausgabe
4
Seite(n)
1893-1907
ISSN
0095-2583
Page URI
https://pub.uni-bielefeld.de/record/2777695

Zitieren

Minagawa J, Upmann T. The Generalized Alchian-Allen Theorem: A Slutsky Equation for Relative Demand. Economic Inquiry. 2015;53(4):1893-1907.
Minagawa, J., & Upmann, T. (2015). The Generalized Alchian-Allen Theorem: A Slutsky Equation for Relative Demand. Economic Inquiry, 53(4), 1893-1907. https://doi.org/10.1111/ecin.12205
Minagawa, J., and Upmann, T. (2015). The Generalized Alchian-Allen Theorem: A Slutsky Equation for Relative Demand. Economic Inquiry 53, 1893-1907.
Minagawa, J., & Upmann, T., 2015. The Generalized Alchian-Allen Theorem: A Slutsky Equation for Relative Demand. Economic Inquiry, 53(4), p 1893-1907.
J. Minagawa and T. Upmann, “The Generalized Alchian-Allen Theorem: A Slutsky Equation for Relative Demand”, Economic Inquiry, vol. 53, 2015, pp. 1893-1907.
Minagawa, J., Upmann, T.: The Generalized Alchian-Allen Theorem: A Slutsky Equation for Relative Demand. Economic Inquiry. 53, 1893-1907 (2015).
Minagawa, Junichi, and Upmann, Thorsten. “The Generalized Alchian-Allen Theorem: A Slutsky Equation for Relative Demand”. Economic Inquiry 53.4 (2015): 1893-1907.

Export

Markieren/ Markierung löschen
Markierte Publikationen

Open Data PUB

Web of Science

Dieser Datensatz im Web of Science®

Suchen in

Google Scholar