Market Demand Elasticity and Income Inequality
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Ibragimov, Marat
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https://doi.org/10.1007/s00199-006-0127-1Metadata
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Ibragimov, Marat and Rustam Ibragimov. 2007. Market demand elasticity and income inequality. Economic Theory 32(3): 579-587.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.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#LAACitable link to this page
http://nrs.harvard.edu/urn-3:HUL.InstRepos:2623728
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