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50 Years of ERIC
50 Years of ERIC
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Peer reviewed Peer reviewed
ERIC Number: EJ582824
Record Type: CIJE
Publication Date: 1999
Pages: N/A
Abstractor: N/A
Reference Count: 0
ISBN: N/A
ISSN: ISSN-0022-0485
Lumpy Demand and the Diagrammatics of Aggregation.
Shmanske, Stephen; Packey, Daniel
Journal of Economic Education, v30 n1 p64-74 Win 1999
Illustrates how a simple discontinuity in an individual's demand curve, or inverse-demand curve, affects the shape of market aggregate curves. Shows, for private goods, that an infinitesimal change in quantity can lead to large changes in consumption patterns; for collective goods, the analysis suggests a theory of coalition building. (DSK)
Descriptors: Consumer Economics, Diagrams, Economic Change, Economic Research, Economics, Economics Education, Higher Education, Mathematical Models, Microeconomics, Supply and Demand
Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers: N/A