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On 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
Lihat Detail Induk
Isi artikel
The 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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