Stochastic Complementarity

A-Tier
Journal: Economic Journal
Year: 2019
Volume: 129
Issue: 619
Pages: 1343-1363

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The Hicksian definition of complementarity and substitutability may not apply in contexts in which agents are not utility maximisers or where price or income variations, whether implicit or explicit, are not available. We look for tools to identify complementarity and substitutability satisfying the following criteria: they are behavioural (based only on observable choice data); model-free (valid whether the agent is rational or not) and they do not rely on price or income variation. We uncover a conflict between properties that it is arguably reasonable for a complementarity notion to possess. We discuss three different possible resolutions of the conflict.

Technical Details

RePEc Handle
repec:oup:econjl:v:129:y:2019:i:619:p:1343-1363.
Journal Field
General
Author Count
3
Added to Database
2026-01-25