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| Luca Panaccione |
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| ''Mind the gap! A note on the income and the substitution effects'' |
| ( 2011, Vol. 31 No.1 ) |
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| In this note, I study how the magnitude of the substitution and the income effects affects the change in the demand for a good following an own-price variation in a single consumer choice model with multiple goods. |
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| Keywords: Own-Price Effect, Slutsky Equation, Elasticity of Substitution
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JEL: D1 - Household Behavior: General
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| Manuscript Received : Dec 20 2010 | | Manuscript Accepted : Mar 14 2011 |
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