Abstract
This note gives a set of sufficient conditions under which a system of demand functions for "gross substitutes" can be inverted to obtain an equivalent system of inverse demand functions, and vice versa. These conditions also ensure that either system can be inverted to obtain a system of "mixed" demand functions, i.e., a mixture of demand and inverse demand functions. In addition, the resultant functions possess intuitive properties expected of gross substitutes.
| Original language | English |
|---|---|
| Pages (from-to) | 202-210 |
| Number of pages | 9 |
| Journal | Journal of Economic Theory |
| Volume | 37 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 1 Jan 1985 |
| Externally published | Yes |
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Cite this
Cheng, L. (1985). Inverting systems of demand functions. Journal of Economic Theory, 37(1), 202-210. https://doi.org/10.1016/0022-0531(85)90037-7