A characterization of combinatorial demand
Christopher P. Chambers, Federico Echenique
TL;DR
This paper characterizes combinatorial demand functions by proving they are uniquely determined by continuity and the law of demand, providing a foundational understanding of their properties.
Contribution
It establishes a complete characterization of combinatorial demand functions based on two fundamental properties, continuity and the law of demand.
Findings
Demand functions are uniquely characterized by continuity and the law of demand.
Provides a theoretical foundation for combinatorial demand analysis.
Clarifies the essential properties of demand functions in combinatorial settings.
Abstract
We prove that combinatorial demand functions are characterized by two properties: continuity and the law of demand.
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Taxonomy
TopicsConsumer Market Behavior and Pricing · Economic theories and models · Supply Chain and Inventory Management