- Tytuł:
- A statistical interpretation of a market demand curve for a commodity obeying the law of demand
- Autorzy:
- Lahiri, Somdeb
- Powiązania:
- https://bibliotekanauki.pl/articles/24201281.pdf
- Data publikacji:
- 2023
- Wydawca:
- Akademia Górniczo-Hutnicza im. Stanisława Staszica w Krakowie. Wydawnictwo AGH
- Tematy:
-
market demand curve
statistical interpretation
reservation price
willingness to pay
consumers surplus - Opis:
- In this note we provide a statistical interpretation of the Marshallian market demand curve of a commodity that obeys the law of demand and which has a finite and positive level of satiation. A consequence of our approach is that in the context of two goods, we are able to obtain demand functions which are very similar to those obtained by “budget-constrained Cobb–Douglas utility maximization”, but now as a result of a “budget-constrained linear utility maximization” exercise, although our budget constraint is “slightly different” from the one that would be used for the former optimization problem.
- Źródło:
-
Managerial Economics; 2023, 23, 1; 27--38
1898-1143 - Pojawia się w:
- Managerial Economics
- Dostawca treści:
- Biblioteka Nauki
Artykuł