Abstract
The technology available to households for transforming and producing goods to be consumed, and even for engaging in commercial transactions, will naturally be a significant factor in determining the structure of demand. Two general approaches have been used in modeling the role of these technologies. One is to incorporate the technology directly into the household preferences. The second is to incorporate the technology into the structure of the budget correspondence. The first approach is exemplified in Rader (1964), and (1978). The second has been used in Kurz (1974).
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© 1992 Springer-Verlag Berlin · Heidelberg
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Sheppard, S. (1992). Nice Demand in Rough Neighborhoods: Continuity in Non-Convex, Dispersed Economies. In: Neuefeind, W., Riezman, R.G. (eds) Economic Theory and International Trade. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-77671-7_16
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DOI: https://doi.org/10.1007/978-3-642-77671-7_16
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