ASYMMETRIC SUBSTITUTABILITY: THEORY AND SOME APPLICATIONS |
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| Authors: | KRIS DE JAEGHER |
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| Affiliation: | de Jaegher:;Assistant Professor, Utrecht School of Economics, Utrecht University, Janskerkhof 12, 3512 BL Utrecht, The Netherlands. Phone 31-30-253-9964;Fax 31-30-253-7373;Email |
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| Abstract: | ![]()
Economists usually describe goods as being either (gross) complements or (gross) substitutes. Yet, what is less known is that one good may be a gross substitute for a second good, while the second good is a gross complement to the first good. This article develops a theory of asymmetric gross substitutability and suggests some potential examples and applications. ( JEL D11) |
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