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Unification Theorem for the Two Basic Dualities of Homothetic Demand Theory

When income elasticities of demand are all unity, every dollar being spent in the same proportions at all levels of income, a homogeneous-first-degree, concave utility function exists to serve as an unequivocal measure of real output. Dual to it, and with identical concavity and homogeneity properti...

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Bibliographic Details
Main Author: Samuelson, Paul A.
Format: Artigo
Language:Inglês
Published: 1972
Subjects:
Online Access:https://ncbi.nlm.nih.gov/pmc/articles/PMC427013/
https://ncbi.nlm.nih.gov/pubmed/16592015
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