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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...
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| 发表在: | MAGKS - Joint Discussion Paper Series in Economics (Band 49-2009) |
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| 主要作者: | |
| 格式: | Arbeit |
| 语言: | 英语 |
| 出版: |
Philipps-Universität Marburg
2009
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| 主题: | |
| 在线阅读: | PDF-Volltext |
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| 总结: | 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. |
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| 实物描述: | 36 Seiten |
| ISSN: | 1867-3678 |
| DOI: | 10.17192/es2024.0030 |