Publikationsserver
Innovation, Income Distribution, and Product Variety
On the basis of a modification of K. Lancaster's characteristics approach and a special class of non-homothetic utility functions individual demand functions are derived. Individual demand is determined in a complex way by the income as well as the product qualities and the unit costs of the of...
Bewaard in:
| Gepubliceerd in: | MAGKS - Joint Discussion Paper Series in Economics (Band 49-2009) |
|---|---|
| Hoofdauteur: | |
| Formaat: | Arbeit |
| Taal: | Engels |
| Gepubliceerd in: |
Philipps-Universität Marburg
2009
|
| Onderwerpen: | |
| Online toegang: | PDF Full text |
| Tags: |
Voeg label toe
Geen labels, Wees de eerste die dit record labelt!
|
| Samenvatting: | On the basis of a modification of K. Lancaster's characteristics approach and a special class of non-homothetic utility functions individual demand functions are derived. Individual demand is determined in a complex way by the income as well as the product qualities and the unit costs of the offered products. It becomes clear that product innovations (changes in product quality), process innovations (changes of unit costs) and changes in personal income distribution (e. g. due to income taxation and redistribution) all influence product variety in a very different way. |
|---|---|
| Fysieke beschrijving: | 36 Seiten |
| ISSN: | 1867-3678 |
| DOI: | 10.17192/es2024.0030 |