Criteria for Monotonicity of Demand Functions
AbstractWe formulate a simple necessary and sufficient condition of monotonicity of a consumer's demand function in terms of the first and second derivatives of the consumer's utility function.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 20097.
Date of creation: 1978
Date of revision:
demand functions; monotonicity; consumer's utility function;
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- D5 - Microeconomics - - General Equilibrium and Disequilibrium
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