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- W2046436782 abstract "This paper reexamines Ng’s demonstration that “mixed diamond” goods (desired both as direct sources of satisfaction and for their values) can have upward-sloping compensated demand curves. I show that an upward-sloping compensated demand curve requires a large negative cross price elasticity between the mixed diamond good and the other good in the utility function. I also discuss ordinal conditions on the second-order partial derivatives of the utility function under which the mixed diamond good has a downward-sloping demand curve and decompose the compensated price effect into an income effect, a cross price effect and an own price effect." @default.
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- W2046436782 date "2002-12-01" @default.
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- W2046436782 title "Three remarks on “mixed diamond goods and anomalies in consumer theory: upward-sloping compensated demand curves with unchanged diamondness”" @default.
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- W2046436782 doi "https://doi.org/10.1016/s0165-4896(02)00063-x" @default.
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