Is positive income elasticity of demand really associated with normal goods?: revisiting the Slutsky equation and net benefit ratio
Incorporating a household’s net sale status into a rearranged Slutsky equation with combined ordinary and endowment income effects, this paper aims to reinterpret the income elasticity of demand in the case of buying and selling and to associate it with types of goods in a novel manner. To this end,...
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| Format: | Article |
| Language: | English |
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University of Sistan and Baluchestan
2017-03-01
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| Series: | International Journal of Business and Development Studies |
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| Online Access: | https://ijbds.usb.ac.ir/article_3705_ca0c28db471439909499dc40f705e8c1.pdf |