Market Demand Elasticity and Income Inequality
| Title: | Market Demand Elasticity and Income Inequality |
| Author: |
Ibragimov, Rustam; Ibragimov, Marat
Note: Order does not necessarily reflect citation order of authors. |
| Citation: | Ibragimov, Marat and Rustam Ibragimov. 2007. Market demand elasticity and income inequality. Economic Theory 32(3): 579-587. |
| Full Text & Related Files: |
ibragimov_market demand.pdf (162.2Kb; PDF) 
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| Abstract: | This paper deals with the analysis of the relation between aggregate demand for a consumption good and the distribution of income across consumers. We obtain sufficient conditions under which changes in income inequality lead to an increase or decrease in the market demand elasticities. The conditions are satisfied for individual demand functions commonly used in economic models, in particular, for the typical demand functions on luxury goods and necessities. |
| Published Version: | http://dx.doi.org/10.1007/s00199-006-0127-1 |
| Other Sources: | http://www.springerlink.com/content/d8kt8t1314gr6421/ |
| Terms of Use: | This article is made available under the terms and conditions applicable to Other Posted Material, as set forth at http://nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of-use#LAA |
| Citable link to this page: | http://nrs.harvard.edu/urn-3:HUL.InstRepos:2623728 |
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Peer reviewed scholarly articles from the Faculty of Arts and Sciences of Harvard University
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