Philosophy Dictionary of ArgumentsHome
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| Substitution problem: The substitution problem in economics refers to the challenge of accurately measuring changes in consumer behavior when prices shift. It arises from the assumption that consumers will substitute a cheaper product for a more expensive one, impacting the calculation of price changes' true effect on overall consumption patterns, known as the substitution effect._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Economic Theories on Substitution Problem - Dictionary of Arguments
Mause I 273f Substitution Problem/Taxes/Economic Theories: Every realistically practicable tax system always has to struggle with the fact that it also triggers a substitution effect in the calculation of the budget via its labour supply, which has negative effects on efficiency. ((s) Substitution problem: shift in demand to less taxed goods). >Ramsey-Rule/Ramsey, >Taxation._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Economic Theories Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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> Counter arguments against Economic Theories
> Counter arguments in relation to Substitution Problem
Ed. Martin Schulz, access date 2024-04-28