Amoroso–Robinson relation
Introduction The '''Amoroso–Robinson relation''', named after economists Luigi Amoroso and Joan Robinson, describes the relation between price, marginal revenue, and price elasticity of demand.,where * is the marginal revenue,* is the particular good,* is the good's price,* is the price elasticity of demand.
Extension and generalization In 1967, Ernst Lykke Jensen published two extensions, one deterministic, the other probabilistic, of Amoroso–Robinson's formula.
See also * Lerner index* Ramsey problem
References === Citations ====== Bibliography ===* * === Further reading ===*