An Expository Note on Alchian-Allen Theorem When Sub-Utility Functions are Homogeneous of Degree n ą 0
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More about this item
Keywords
Fixed transaction cost; quality of goods; Alchian-Allen Theorem; change in consumption pattern;All these keywords.
JEL classification:
- F10 - International Economics - - Trade - - - General
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
NEP fields
This paper has been announced in the following NEP Reports:- NEP-UPT-2008-01-05 (Utility Models and Prospect Theory)
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