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文章基本信息

  • 标题:COMPARATIVE STATICS OF MONEY-GOODS SPECIFICATIONS OF THE UTILITY FUNCTION
  • 本地全文:下载
  • 作者:Paris, Quirino ; Caputo, Michael R.
  • 期刊名称:Journal of Food Distribution Research
  • 印刷版ISSN:0047-245X
  • 出版年度:2001
  • 期号:SUPPL
  • 出版社:Food Distribution Research Society
  • 摘要:The introduction of real-cash balances into the neoclassical model of the consumer wrecks havoc, in general, on the empirically observable refutable comparative statics properties of the model. We provide the most general solution of this problem to date by deriving a symmetric and negative semidefinite generalized Slutsky matrix that is empirically observable and which contains all other such comparative statics results as a special case. In addition, we clarify and correct two aspects of Samuelson and Sato’s (1984) treatment of this problem.
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