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Asymmetric substitutability: theory and some applications

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Author Info
Kris De Jaegher ()

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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 paper shows the existence of asymmetric gross substitutability, and shows some potential examples and applications.

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Publisher Info
Paper provided by Utrecht School of Economics in its series Working Papers with number 08-02.

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Length: 24 pages
Date of creation: Jan 2008
Date of revision:
Handle: RePEc:use:tkiwps:0802

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Related research
Keywords: asymmetric substitutability; consumer theory;

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Find related papers by JEL classification:
D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Nirvikar Singh & Xavier Vives, 1984. "Price and Quantity Competition in a Differentiated Duopoly," RAND Journal of Economics, The RAND Corporation, vol. 15(4), pages 546-554, Winter. [Downloadable!] (restricted)
  2. Kris de Jaegher, 2007. "Benchmark Two-Good Utility Functions," Working Papers 07-09, Utrecht School of Economics. [Downloadable!]
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  3. Azariadis, Costas, 1976. "On the Incidence of Unemployment," Review of Economic Studies, Blackwell Publishing, vol. 43(1), pages 115-25, February. [Downloadable!] (restricted)
  4. George J. Stigler, 1947. "Notes on the History of the Giffen Paradox," Journal of Political Economy, University of Chicago Press, vol. 55, pages 152. [Downloadable!] (restricted)
  5. Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74, pages 132. [Downloadable!] (restricted)
  6. Cadima, Nuno & Pita Barros, Pedro Luis, 2000. "The Impact of Mobile Phone Diffusion on the Fixed-Link Network," CEPR Discussion Papers 2598, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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