2010 № 2

Theory of consumer demand: individual demand curve and Giffen effect

Abstract:

Based on the equations of cardinal utility was first obtained by piecewise-continuous function of the individual demand of some goods. It is shown that is possible to increase consumption of goods with an increase in their prices. Was obtained the quantitative relations which determining for this effect.

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Alexander G. Dmitriev — Dr. Sci. (Phys. and Math.), Professor, Saint Petersburg State Polytechnic University (Saint Petersburg, Russian Federation; e‑mail: dmitriev.ag@mail.ru).

Tatiana A. Kozeletskaya — Cand. Sci. (Econ.), Associate Professor, Saint Petersburg State Polytechnic University (Saint Petersburg, Russian Federation; e‑mail: marta9578@mail.ru).

Elena A. German — Postgraduate Student, Saint Petersburg State Polytechnic University (Saint Petersburg, Russian Federation; e‑mail: elena250573@rambler.ru).

JATS

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