Income inequality and price elasticity of market demand: the case of crossing Lorenz curves

dc.contributor.author	Ibragimov M.
dc.contributor.author	Ibragimov R.
dc.contributor.author	Kattuman P.
dc.contributor.author	Ma J.
dc.date.accessioned	2018-09-19T20:41:16Z
dc.date.available	2018-09-19T20:41:16Z
dc.date.issued	2017
dc.identifier.issn	0938-2259
dc.identifier.uri	https://dspace.kpfu.ru/xmlui/handle/net/143137
dc.description.abstract	© 2017 The Author(s)This paper extends Ibragimov and Ibragimov (Econ Theory 32:579–587, 2007) in which the effect of changes income inequality on the price elasticity of market demand is characterized for the class of income distribution changes occurring through non-intersecting Lorenz curve shifts. We derive sufficient conditions for increase/decrease in price elasticity of market demand, under general changes in income distribution, allowing Lorenz curves to intersect as they shift. We conclude by drawing out implications of different types of tax policy changes for demand elasticity.
dc.relation.ispartofseries	Economic Theory
dc.subject	Direct tax policy
dc.subject	Downside inequality aversion
dc.subject	Income distribution
dc.subject	Inequality
dc.subject	Market demand elasticity
dc.subject	Transfer sensitivity
dc.title	Income inequality and price elasticity of market demand: the case of crossing Lorenz curves
dc.type	Article in Press
dc.collection	Публикации сотрудников КФУ
dc.relation.startpage	1
dc.source.id	SCOPUS09382259-2017-SID85014056631

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