Template-type: ReDIF-Paper 1.0
Author-Name: John Quah 
Author-Email: john.quah@economics.ox.ac.uk
Author-Workplace-Name:St Hugh's College, Oxford
Title:Demand is heterogenous in grandmonts model
Abstract:
  We show that Grandmont's (1992) model of demand heterogeneity can be a model of heterogeneity in the complementary or sign-balancing sense.  By this we mean that heterogeneity has the following form: given a change in price, agents respond heterogenously - some by increasing their expenditure share on a good, others by diminishing it, so that the average expenditure share of all goods remain approximately unchanged.
Length:12 pages
Creation-Date: 2001-07-18
Number:2001-W12
File-URL:http://www.nuff.ox.ac.uk/Economics/papers/2001/w12/Khil.pdf
File-Format: application/pdf
Handle: RePEc:nuf:econwp:0112