Article citationsMore>>

S. Fuchs-Seliger, “Compensated and Direct Demand without Transitive and Complete Preferences,” Annals of Operations Research, Vol. 23, No. 1, 1990, pp. 299-310. doi:10.1007/BF02204854

has been cited by the following article:

• TITLE: Modelling Consumer Behavior by Inverse Demand Functions

  AUTHORS: Susanne Fuchs-Seliger

  KEYWORDS: Consumer Theory; Preference Relation; Inverse Demand Functions; Duality Theory

  JOURNAL NAME: Theoretical Economics Letters, Vol.3 No.4, July 19, 2013

  ABSTRACT: In this article a model of consumer behavior will be developed, based on preferences on the price space reflecting the individual’s willingness to pay for certain quantities of commodities under the supposition that the individual is restricted to his or her income. Firms offer certain amounts of commodities at the market and consumers react to these offers by their willingness to pay. Existence and continuity of the inverse demand function describing consumer’s behavior under appropriate conditions will be shown. Furthermore, differences between a model of consumer behavior based on preferences on the commodity space and that which is based on preferences on the price space will be pointed out.