The General Theory of Household and Market Contingent Demand
AbstractThis paper examines the theory of contingent demand for price-setting firms when some firms may choose not to satisfy all de mand for their output. The paper develops the theory of household con tingent demand using the theory of effective demand developed by Benn assy (1978). Using the Slutsky decomposition, the author finds that t he income effect is weaker for contingent demand than for the Marshal lian demand. At the level of the market, the rationing regime operati ng for lower-priced sellers is crucial. Under a random first-come-fir st-served scheme, contingent demand for higher-priced sellers is nons tochastic if households have homothetic preferences. Copyright 1987 by Blackwell Publishers Ltd and The Victoria University of Manchester
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by University of Manchester in its journal The Manchester School of Economic & Social Studies.
Volume (Year): 55 (1987)
Issue (Month): 3 (September)
Contact details of provider:
Postal: Manchester M13 9PL
Phone: (0)161 275 4868
Fax: (0)161 275 4812
Web page: http://www.socialsciences.manchester.ac.uk/disciplines/economics/
More information through EDIRC
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Dave Furth & Dan Kovenock, 1993.
"Price leadership in a duopoly with capacity constraints and product differentiation,"
Journal of Economics,
Springer, vol. 57(1), pages 1-35, February.
- Furth, D. & Kovenock, D., 1990. "Price Leadership In A Duopoly With Capacity Constraints And Product Differentiation," Purdue University Economics Working Papers 992, Purdue University, Department of Economics.
- Rees, Ray, 1993. "Collusive Equilibrium in the Great Salt Duopoly," Munich Reprints in Economics 3413, University of Munich, Department of Economics.
- Bennett, John & Dixon, Huw & Hu, Helen X.Y., 2013. "The transition from dual-track pricing to a market system: Winners and losers," Economic Systems, Elsevier, vol. 37(1), pages 30-44.
- Raymond Deneckere & Dan Kovenock, 1988.
773, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- John Bennett & Huw Dixon & Helen X.Y. Hu, 2008. "The Effects of Reforming the Chinese Dual-Track Price System," CEDI Discussion Paper Series 08-14, Centre for Economic Development and Institutions(CEDI), Brunel University.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.