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Zur Begründung der linearen Nachfragefunktion in der Haushaltstheorie / Reasons for the Linear Demand Function in Consumer Theory

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  • Schöler Klaus

    () (Universität Potsdam, Wirtschafts- und Sozialwissenschaftliche Fakultät, Lehrstuhl für Volkswirtschaftslehre, insbesondere Wirtschaftstheorie, Postfach 601553, D-14415 Potsdam. Tel.: ++49/+3 31/9 77 45 44, Fax: ++49/+3 31/9 77 46 15)

  • Kneis Gert

    (Universität Potsdam, Mathematisch-Naturwissenschaftliche Fakultät, Institut für Mathematik, Postfach 60 15 53, D-14415 Potsdam)

Abstract

The intention of this paper is to find a utility function for the often used linear demand functions. The derivation of a utility function with such properties leads to a surprising result: Not only one utility function, but a class of utility functions has the required properties. It also gets clear that in a world of two goods one demand function is linear with respect to the price, and the demand for the second good is described by a convex function in the price-quantity-diagram.

Suggested Citation

  • Schöler Klaus & Kneis Gert, 2003. "Zur Begründung der linearen Nachfragefunktion in der Haushaltstheorie / Reasons for the Linear Demand Function in Consumer Theory," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 223(5), pages 571-580, October.
  • Handle: RePEc:jns:jbstat:v:223:y:2003:i:5:p:571-580
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    Keywords

    Linear demand function; consumer theory;

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