SFB 303 Discussion Paper No. A - 359

Author: Hildenbrand, Werner
Title: Market Demand: Theory and Empirical Evidence
Abstract: In this paper I shall develop a theory of market demand. The principle aim of this theory of market demand is to establish the Law of Demand. I shall defend here the thesis that the Law of Demand is mainly due to the heterogeneity of the population of households; rationality of individual household's behavior plays a minor role.
Creation-Date: July 1992 e
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