
The Hicksian definition of complementarity and substitutability may not apply in contexts in which agents are not utility maximisers or where price or income vari- ations, whether implicit or explicit, are not available. We look for tools to identify complementarity and substitutability satisfying the following criteria: they are be- havioural (based only on observable choice data); model-free (valid whether the agent is rational or not); and they do not rely on price or income variation. We uncover a conflict between properties that it is arguably reasonable for a complementarity notion to possess. We discuss three different possible resolutions of the conflict.
HB Economic Theory, 330, Complements and substitues, ddc:330, /dk/atira/pure/core/keywords/econ_microeconomic_theory, T-NDAS, HB, Complements and substitutes; Correlation; Stochastic choice, name=ECON Microeconomic Theory, Complements and substitutes; Correlation; Stochastic choice., HB0135, HB0131, Correlation, D0, Stochastic choice, correlation, stochastic choice, Complements and substitutes, Complements and substitutes, Correlation, Stochastic choice, complements and substitutes, jel: jel:D01, jel: jel:D0
HB Economic Theory, 330, Complements and substitues, ddc:330, /dk/atira/pure/core/keywords/econ_microeconomic_theory, T-NDAS, HB, Complements and substitutes; Correlation; Stochastic choice, name=ECON Microeconomic Theory, Complements and substitutes; Correlation; Stochastic choice., HB0135, HB0131, Correlation, D0, Stochastic choice, correlation, stochastic choice, Complements and substitutes, Complements and substitutes, Correlation, Stochastic choice, complements and substitutes, jel: jel:D01, jel: jel:D0
| selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | 5 | |
| popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network. | Average | |
| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Average | |
| impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network. | Top 10% |
