ON A CLASS OF PREFERENCE FIELDS
ON A CLASS OF PREFERENCE FIELDS
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关于一类偏好领域
DOI:
10.1111/j.1467-999x.1961.tb00819.x
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发表时间:
1961
期刊:
影响因子:
1.3
通讯作者:
W. M. Gorman
中科院分区:
文献类型:
--
作者:
W. M. Gorman
Linear income-consumption curves crop up in several branches of economics (l). In this note we will explore some of the properties of the preference fields in which they arise, and, in particular, of those in which the marginal propensity to consume each good is an absolute constant, and will discuss an application to international trade theory.If the income consumption curves were linear throughout the closed positive orthant, they would all pass through the origin ("). The underlying utility function would then be homogeneous ("). Since the properties of homogeneous functions are well known to economists, we-will confine our attention to a region in the interior of the positive orthant, and, for simplicity, we will take this to be the region R: 0 5 u _< U between two indifference surfaces ("). By taking U= CQ we will be able to consider the whole region above