SELECTION OF LINEAR DEMAND FUNCTION PARAMETERS FOR ENSURING THE CORRECT SUBSTITUTION EFFECT CALCULATION
DOI:
https://doi.org/10.14308/ite000442Keywords:
linear function of the requirements, substitution effect, formula of SlutskyiAbstract
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
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References
<uk>
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.
</uk>
<en>
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.
</en>
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.
</uk>
<en>
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.
</en>
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Published
13.03.2014
How to Cite
Popov В. (2014). SELECTION OF LINEAR DEMAND FUNCTION PARAMETERS FOR ENSURING THE CORRECT SUBSTITUTION EFFECT CALCULATION. Journal of Information Technologies in Education (ITE), (16), 166–169. https://doi.org/10.14308/ite000442
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