Asymmetric Substitutability: Theory And Some Applications
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 article develops a theory of asymmetric gross substitutability and suggests some potential examples and applications." ("JEL" D11) Copyright (c) 2008 Western Economic Association International.
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Bibliographic InfoArticle provided by Western Economic Association International in its journal Economic Inquiry.
Volume (Year): 47 (2009)
Issue (Month): 4 (October)
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Other versions of this item:
- K.J.M. De Jaegher, 2008. "Asymmetric substitutability: theory and some applications," Working Papers, Utrecht School of Economics 08-02, Utrecht School of Economics.
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
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