The Econometric SocietyEconometrica: Mar 1980, Volume 48, Issue 2
Quantity Constrained Demand Functions
https://doi.org/0012-9682(198003)48:2<307:QCDF>2.0.CO;2-P
p.
307-314
Roger Latham
Using duality theory I show that the Tobin-Houthakker conjecture that a reduction in the ration of one good will increase the consumption of unrationed substitutes and diminish the demand for unrationed complements may not hold in disequilibrium situations.Log In To View Full Content