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In parallel, he worked on the theory of demand.
This was the first time an economist had put forward a theory of demand derived from marginal utility.
Theory of Demand: Real and monetary, with co-authors, 1973.
Up to then, economists had developed an elaborated theory of demand that omitted primitive characteristics of people.
A Theory of Demand Shocks.
The Veblen effect is one of a family of theoretically possible anomalies in the general theory of demand in microeconomics.
The theory of demand and supply is an organizing principle to explain prices and quantities of goods sold and changes thereof in a market economy.
Following Lancaster's theory of demand (1966), goods may possess attributes which donors regard as important for donees; e.g., food contains the characteristic nutrition.
"Nash Bargained Household Decisions: Toward a Generalization of the Theory of Demand."
"Realism and Relevance in the Theory of Demand", 1944, JPE (repr.
She has written two books 'Development of Theory of Demand' and 'Sikh Religion and Economic Development'.
The Stockholm School had at the same time as John Maynard Keynes, but independently, come to the same conclusions in macroeconomics and the theories of demand and supply.
His book Demand Analysis (1952) brought together his work on the theory of demand, the theory of stochastic processes, the theory of regression and his work on Swedish data.
Armington, Paul, 1969, "A Theory of Demand for Products Distinguished by Place of Production", International Monetary Fund Staff Papers, XVI (1969), 159-78 [1].
Within the classical political economy, economists lay out theories determining value in terms of precious metals or money such as silver and gold, costs of production, amount of labour imbedded within a product and the, in Marx's view, chaotic theory of demand and supply.
Contrary to the theory of demand within neoclassical economics, and its assumption of consumer insatiability (Deaton & Muellbauer, 1980), LTC suggests that need deprivation and satiation are key motivational factors, and thus useful to explain consumer behavior.