Journal article
The demand for goods under mixture aversion
The Manchester School, Vol.68(3), pp.349-359
2000
Abstract
We analyse the demand for goods which the consumer has an aversion to consuming in mixtures. Examples are presented. It is suggested that the axiom of non-satiation should be relaxed in order for the model to be internally consistent. The indifference map with mixture aversion and satiation is constructed and is shown to have very unusual properties. It is then demonstrated that constrained maximization of the underlying utility function can result in both goods being consumed. It is also demonstrated that the type of goods analysed here can exhibit the rare characteristic of Giffenity.
Details
- Title
- The demand for goods under mixture aversion
- Authors/Creators
- D.J. Butler (Author/Creator) - The University of Western AustraliaP.G. Moffatt (Author/Creator) - University of East Anglia
- Publication Details
- The Manchester School, Vol.68(3), pp.349-359
- Publisher
- Blackwell
- Identifiers
- 991005546000607891
- Copyright
- Blackwell Publishers Ltd and The Victoria University of Manchester
- Murdoch Affiliation
- Murdoch University
- Language
- English
- Resource Type
- Journal article
UN Sustainable Development Goals (SDGs)
This output has contributed to the advancement of the following goals:
Source: InCites
Metrics
31 Record Views
InCites Highlights
These are selected metrics from InCites Benchmarking & Analytics tool, related to this output
- Collaboration types
- Domestic collaboration
- International collaboration
- Citation topics
- 1 Clinical & Life Sciences
- 1.100 Substance Abuse
- 1.100.375 Alcohol Use
- Web Of Science research areas
- Economics
- ESI research areas
- Economics & Business