Record Details

Income Distribution and Market Demand: The Case of Heterogeneous Preferences

Mediterranean Journal of Social Sciences

View Archive Info
 
 
Field Value
 
Title Income Distribution and Market Demand: The Case of Heterogeneous Preferences
 
Creator Ibragimov, M.
Tufetulov, A.M.
 
Description In this note, we obtain sufficient conditions under which changes in income inequality lead to an increase or decrease in the market demand elasticities in the case of heterogeneous preferences among the consumers. In this paper, we applied majorization theory to study dependence of market demand elasticity on the inequality in income distribution among the consumers. In this note, we extend the results obtained to the case where consumers’ preferences are heterogeneous and the condition on equality of individual demand functions does not necessarily hold. This case is more realistic because consumers’ preferences are affected by a variety of different factors.
DOI: 10.5901/mjss.2014.v5n24p185
 
Publisher Mediterranean Journal of Social Sciences
 
Contributor —
 
Date 2014-11-10
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier https://www.mcser.org/journal/index.php/mjss/article/view/4960
 
Source Mediterranean Journal of Social Sciences; Vol 5, No 24 (2014): Special Issue - November 2014; 185
 
Language eng
 
Relation https://www.mcser.org/journal/index.php/mjss/article/view/4960/4801
 
Rights Submission of an article implies that the work described has not been published previously (except in the form of an abstract or as part of a published lecture or academic thesis), that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, in English or in any other language, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.

Copyrights for articles published in MCSER journal are retained by the authors, with first publication rights granted to the journal. The journal/publisher is not responsible for subsequent uses of the work. It is the author's responsibility to bring an infringement action if so desired by the author.