Multiple equilibria with a multiple price list

A multiple price list is useful for eliciting a Willingness-to-Pay (WTP) and a possible Lower Limit (LL) under which the demand is zero. This multiple price list implies an aggregate demand determined by the number of participants whose WTP is greater than the market price and whose LL is below this market price. From a survey focusing on meat demand, we show that this aggregate demand leads to multiple price equilibria.

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Year of publication:	2013
Authors:	Marette, Stephan ; Blanchemanche, Sandrine ; Roosen, Jutta
Institutions:	Département Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2), Institut National de la Recherche Agronomique (INRA)
Subject:	comportement des consommateurs \| consentement à payer du consommateur \| méthode

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Published in Applied Economics Letters 809 pages long812
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011141632