Income effects in quality-quantity models |
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Authors: | George J. Borjas |
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Affiliation: | University of California, Santa Barbara, CA 92106, USA |
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Abstract: | The theorems on quality-quantity interactions well known in the fertility literature generally hold even when all goods in the utility function have a quality component. Although the results in this paper are presented in terms of the quality-quantity framework, it is clear that they can be applied to any problem in which the constraint is multiplicative in the variables. |
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