KFU. Card publication. Income Distribution and Market Demand: The Case of Heterogeneous Preferences

KAZAN
FEDERAL UNIVERSITY

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INCOME DISTRIBUTION AND MARKET DEMAND: THE CASE OF HETEROGENEOUS PREFERENCES

Form of presentation

Articles in international journals and collections

Year of publication

2014

Authors, employees of KFU

Ibragimov Marat Yakhievich, author

Tufetulov Aydar Miralimovich, author

Bibliographic description in the original language

Tufetulov A., Ibragimov M. Income Distribution and Market Demand: The Case of Heterogeneous Preferences [Text] / Ibragimov M., Tufetulov A. // Mediterranean Journal of Social Sciences. - 2014. - v. 5 (No 24). - P. 185-187.

Annotation

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.

Keywords

Income inequality, market demand, elasticity, heterogeneous preferences

The name of the journal

Mediterranean Journal of Social Sciences

Please use this ID to quote from or refer to the card

https://repository.kpfu.ru/eng/?p_id=93925&p_lang=2

Full metadata record

Field DC	Value	Language
dc.contributor.author	Ibragimov Marat Yakhievich	ru_RU
dc.contributor.author	Tufetulov Aydar Miralimovich	ru_RU
dc.date.accessioned	2014-01-01T00:00:00Z	ru_RU
dc.date.available	2014-01-01T00:00:00Z	ru_RU
dc.date.issued	2014	ru_RU
dc.identifier.citation	Tufetulov A., Ibragimov M. Income Distribution and Market Demand: The Case of Heterogeneous Preferences [Text] / Ibragimov M., Tufetulov A. // Mediterranean Journal of Social Sciences. - 2014. - v. 5 (No 24). - P. 185-187.	ru_RU
dc.identifier.uri	https://repository.kpfu.ru/eng/?p_id=93925&p_lang=2	ru_RU
dc.description.abstract	Mediterranean Journal of Social Sciences	ru_RU
dc.description.abstract	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.	ru_RU
dc.language.iso	ru	ru_RU
dc.subject	Income inequality	ru_RU
dc.subject	market demand	ru_RU
dc.subject	elasticity	ru_RU
dc.subject	heterogeneous preferences	ru_RU
dc.title	Income Distribution and Market Demand: The Case of Heterogeneous Preferences	ru_RU
dc.type	Articles in international journals and collections	ru_RU