A Generalized Theory of Household Behavior under Rationing

Podkaminer L (1984). A Generalized Theory of Household Behavior under Rationing. IIASA Collaborative Paper. IIASA, Laxenburg, Austria: CP-84-045

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Abstract

The results of Neary and Roberts (1980) relating rationed demand functions to the unrationed demand functions via the concept of "virtual" prices are shown to hold only in certain restricted circumstances. An alternative and generalized approach is suggested for the evaluation of effective demand under any arbitrarily-chosen rationing scheme.

Item Type: Monograph (IIASA Collaborative Paper)
Research Programs: Comparative Analysis (EST)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:55
Last Modified: 21 Jul 2016 22:14
URI: http://pure.iiasa.ac.at/2532

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