Amoroso–Robinson relation
The Amoroso–Robinson relation, named after economists Luigi Amoroso and Joan Robinson, describes the relation between price, marginal revenue, and elasticity of demand.
,
where
- is the marginal revenue,
- is the particular good,
- is the good's price,
- is the price elasticity of demand.
See also
References
- Nicholson, Walter (2005). Microeconomic Theory: Basic Principles and Extensions (Ninth ed.). Thomson/South-Western. pp. 385–414. ISBN 0-324-27086-0.
- Robinson, Joan (1932). "Imperfect Competition and Falling Supply Price". The Economic Journal. 42 (168): 544–554. JSTOR 2223779. doi:10.2307/2223779.
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