Criteria for Monotonicity of Demand Functions

Polterovich, Victor and Mityushin, Leonid (1978): Criteria for Monotonicity of Demand Functions. Published in: Ekonomika i Matematicheskie Metody (in Russian) No. 14 (1978): pp. 122-128.

Abstract

We formulate a simple necessary and sufficient condition of monotonicity of a consumer's demand function in terms of the first and second derivatives of the consumer's utility function.

• Item Type: MPRA Paper
• Language: English
• Keywords: demand functions; monotonicity; consumer's utility function
• Subjects: D - Microeconomics > D5 - General Equilibrium and Disequilibrium

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