The ALEP Definition of Complementarity and Least Concave Utility Functions
The use of least concave utility functions describing a given concavifiable preference relation is suggested for determining the complementary vis-a-vis substitute nature of a pair of commodities.
|Date of creation:||Jun 1979|
|Publication status:||Published in Journal of Economic Theory (February 1980), 22(1): 115-117|
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- Samuelson, Paul A, 1974. "Complementarity-An Essay on the 40th Anniversary of the Hicks-Allen Revolution in Demand Theory," Journal of Economic Literature, American Economic Association, vol. 12(4), pages 1255-1289, December.
- Chipman, John S., 1977. "An empirical implication of Auspitz-Lieben-Edgeworth-Pareto complementarity," Journal of Economic Theory, Elsevier, vol. 14(1), pages 228-231, February.
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