A conditional demand approach to the Alchian–Allen effect

Minagawa J, Upmann T (2013)
Economics Letters 120(3): 546-551.

Zeitschriftenaufsatz | Veröffentlicht | Englisch
 
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Autor*in
Minagawa, Junichi; Upmann, ThorstenUniBi
Abstract / Bemerkung
We explore the Alchian–Allen effect–that is, the effect of an absolutely equal increase in the price of two goods on their demand ratio–for conditional (viz. short-run) and unconditional (viz. long-run) demand functions. We show that the Alchian–Allen effect for unconditional demand equals its conditional counterpart (where the consumption level of a third good is held constant) if the two goods feature identical substitution elasticities with the third good. Remarkably, this result holds true for both Hicksian and Marshallian demand functions.
Erscheinungsjahr
2013
Zeitschriftentitel
Economics Letters
Band
120
Ausgabe
3
Seite(n)
546-551
ISSN
01651765
Page URI
https://pub.uni-bielefeld.de/record/2958445

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Minagawa J, Upmann T. A conditional demand approach to the Alchian–Allen effect. Economics Letters. 2013;120(3):546-551.
Minagawa, J., & Upmann, T. (2013). A conditional demand approach to the Alchian–Allen effect. Economics Letters, 120(3), 546-551. https://doi.org/10.1016/j.econlet.2013.06.017
Minagawa, J., and Upmann, T. (2013). A conditional demand approach to the Alchian–Allen effect. Economics Letters 120, 546-551.
Minagawa, J., & Upmann, T., 2013. A conditional demand approach to the Alchian–Allen effect. Economics Letters, 120(3), p 546-551.
J. Minagawa and T. Upmann, “A conditional demand approach to the Alchian–Allen effect”, Economics Letters, vol. 120, 2013, pp. 546-551.
Minagawa, J., Upmann, T.: A conditional demand approach to the Alchian–Allen effect. Economics Letters. 120, 546-551 (2013).
Minagawa, Junichi, and Upmann, Thorsten. “A conditional demand approach to the Alchian–Allen effect”. Economics Letters 120.3 (2013): 546-551.

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