Preferences and normal goods: An easy-to-check necessary and sufficient condition

C-Tier
Journal: Economics Letters
Year: 2010
Volume: 108
Issue: 1
Pages: 13-15

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

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

Abstract

We provide a necessary and sufficient condition for goods to be normal when utility functions are differentiable and strongly quasi-concave. Our condition is equivalent to the condition proposed by Alarie et al. (1990), but it is easier to check: it only requires to compute the minors associated with the border column (or row) of the bordered Hessian matrix of the utility function.

Technical Details

RePEc Handle
repec:eee:ecolet:v:108:y:2010:i:1:p:13-15
Journal Field
General
Author Count
2
Added to Database
2026-01-24