Innovation, income distribution, and product variety

Arbeitspapier

On the basis of a modification of K. Lancaster's characteristics approach and a special class of non-homothetic utility functions individual demand functions are derived. Individual demand is determined in a complex way by the income as well as the product qualities and the unit costs of the offered products. It becomes clear that product innovations (changes in product quality), process innovations (changes taxation and redistribution) all influence product variety in a very different way.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: MAGKS Joint Discussion Paper Series in Economics ; No. 2009,49

Classification and Topics

• Classification: Wirtschaft
• Subject: innovation ; income distribution ; product variety ; Lancaster's characteristics approach ; Mikroökonomische Konsumfunktion ; Produktdifferenzierung ; Innovation ; Einkommensverteilung ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Vosskamp, Rainer
• Event: Veröffentlichung
• (who): Philipps-University Marburg, Faculty of Business Administration and Economics
• (where): Marburg
• (when): 2009

Further information

• Handle: http://hdl.handle.net/10419/56546
• Last update: 10.03.2025, 11:43 AM CET