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ArtikelOn The Restrictive Nature of Constant Elasticity Demand Functions  
Oleh: Evans, Lewis
Jenis: Article from Bulletin/Magazine
Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 35 no. 4 (1994), page 1015-1018.
Topik: demand; restrictive nature; constant elasticity; demand functions
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: II49.4
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelThe very restrictive nature of systems of supply and demand functions which have constant elasticities is well known. The same is not true of single constant own - price elasticity demand functions. This paper points out the extremely limiting properties implied by the assumption of a single constant elasticity demand function. These properties restrict the magnitude of the elasticity, and characteristics of other demand functions in the system.
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