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How normal is normality in consumption?

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  • Kemp, Murray C.

Abstract

It is shown by robust example that if a household's financial budget and its Gossenian time budget are binding in equilibrium then at least one commodity must be inferior in the household's consumption.

Suggested Citation

  • Kemp, Murray C., 2008. "How normal is normality in consumption?," Economics Letters, Elsevier, vol. 101(1), pages 44-47, October.
    • Handle: RePEc:eee:ecolet:v:101:y:2008:i:1:p:44-47
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    References listed on IDEAS

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    1. Edgeworth, Francis Ysidro, 1894. "The Theory of International Values III," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 4, pages 606-638.
    2. Edgeworth, Francis Ysidro, 1894. "The Theory of International Values I," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 4, pages 35-50.
    3. Edgeworth, Francis Ysidro, 1894. "The Theory of International Values II," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 4, pages 424-443.
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    Cited by:

    1. Ngo Van Long, 2023. "Saving Household Production-Cum-Consumption Time: Implications for International Trade in Trash," Foreign Trade Review, , vol. 58(1), pages 15-37, February.

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