Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. In economics, demand is the consumer's ...

This is a preview. Log in through your library . Abstract Although probabilistic discrete-choice models such as multinomial logit are widely used, little consideration has been given to the ...

Integrability of incomplete demand systems is discussed. The concepts of weak integrability, quasi-expenditure function, quasi-indirect utility function, and quasi-utility function are defined. Their ...