Bayesian Learning from Arts Goods? – A Comment

This comment considers the applicability of the Cyert and DeGroot model of adaptive utility in modeling consumer choice behavior with respect to arts goods. An illustration of the consumer’s choice behavior on expenditure shares is simulated as a simple Markov chain. This is followed by a discussion of policy implications regarding the pricing and subsidization of arts goods. Copyright Springer Science + Business Media, Inc. 2005

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Year of publication:	2005
Authors:	Ulibarri, Carlos
Published in:	Journal of Cultural Economics. - Springer. - Vol. 29.2005, 2, p. 137-141
Publisher:	Springer
Subject:	adaptive utility \| Bayesian learning

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005067765