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ralph lauren polo

Luca Panaccione
''Mind the gap! A note on the income and the substitution effects''
( 2011, Vol. 31 No.1 )
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.
Keywords: Own-Price Effect, Slutsky Equation, Elasticity of Substitution
JEL: D1 - Household Behavior: General
Manuscript Received : Dec 20 2010 Manuscript Accepted : Mar 14 2011

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