IS STATUS QUO BIAS CONSISTENT WITH DOWNWARD-SLOPING DEMAND?

"We show that status quo bias combined with downward-sloping demand implies addictive behavior. This result does not depend on transitivity, a complete ordering, or even the existence of a preference relation that rationalizes choices." ("JEL" D11, D81) Copyright (c) 2007 Western Economic Association International.

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Year of publication:	2008
Authors:	WITTMAN, DONALD
Published in:	Economic Inquiry. - Western Economic Association International - WEAI, ISSN 0095-2583. - Vol. 46.2008, 2, p. 283-288
Publisher:	Western Economic Association International - WEAI

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

Persistent link: https://www.econbiz.de/10005686299