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SELECTION OF LINEAR DEMAND FUNCTION PARAMETERS FOR ENSURING THE CORRECT SUBSTITUTION EFFECT CALCULATION



Year of Publication2013
AuthorsPopov V.
Language articleRussian
Keywordsformula of Slutskyi, linear function of the requirements, substitution effect
Abstract

In the course of microeconomics it is convenient to use additive functions of requirements in educational purposes, in which the volume of requirements is set by the linear function of the price, revenue and other factors. But in arriving at the substitution effect there is a number of problems in which impossible answers come out. The formula adjustment concluded by the author, which will allow to avoid contradictions, is described in the article.

Pagination166-169
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DOI: 
10.14308/ite000442
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[file] 166-169.pdf


References: 

1. G.Alperovich and I.Weksler A Class of Utility Functions Yielding Linear Demand Functions. The American Economist Vol. 40, No. 1 (Spring, 1996), pp. 20-23
2. http://en.wikipedia.org/wiki/Demand_curve
3. T.Bergstrom, H.Varian Workouts in Intermediate Microeconomics, 6th.ed., W.W.Norton,2003.
4. Walter Nicholson. Microeconomic Theory. Basic Principles and Extensions. 9-th edition. – United States: South-Western, 2005.

REFERENCES (TRANSLATED AND TRANSLITERATED)

1. G.Alperovich and I.Weksler A Class of Utility Functions Yielding Linear Demand Functions. The American Economist Vol. 40, No. 1 (Spring, 1996), pp. 20-23
2. http://en.wikipedia.org/wiki/Demand_curve
3. T.Bergstrom, H.Varian Workouts in Intermediate Microeconomics, 6th.ed., W.W.Norton,2003.
4. Walter Nicholson. Microeconomic Theory. Basic Principles and Extensions. 9-th edition. – United States: South-Western, 2005.



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Bibliography:
Попов В.В. ВЫБОР ПАРАМЕТРОВ ЛИНЕЙНОЙ ФУНКЦИИ СПРОСА, ОБЕСПЕЧИВАЮЩИХ КОРРЕКТНОЕ ВЫЧИСЛЕНИЕ ЭФФЕКТА ЗАМЕЩЕНИЯ / В.В.Попов // Информационные технологии в образовании. - 2013. - № 16. - С. 166-169.