Similar Search Results

Teaching consumer theory to business students: an integrative approach

Axelsen, Dan; Snarr, Hal W.; Friesner, Dan - Volkswirtschaftliche Fakultät, … - 2009

and demand theory to this cohort of students, but also to demonstrate how course content can be altered such that learning …

Persistent link: https://www.econbiz.de/10011109984

Evolution of Consumers’ Preferences due to Innovation

Dahlan, Rolan Mauludy; Situngkir, Hokky - Volkswirtschaftliche Fakultät, … - 2010

development of economic studies, especially in the fundamental concepts of modern economics: supply and demand analysis. In this … presentation, we use the concept of meme to explore evolution of demand. This study offers an evolutionary model of demand, which … product and consumer preference. It is very different from the conventional approach of demand, which only views utility as a …

Persistent link: https://www.econbiz.de/10008548835

Money illusion, Gorman and Lau

Colby, Scott; Tim, Graciano; Jeffrey, LaFrance; Rulon, Pope - Volkswirtschaftliche Fakultät, … - 2011

Any demand equation satisfying Lau’s (1982) Fundamental Theorem of Exact Aggregation and is 0 homogeneous in prices …

Persistent link: https://www.econbiz.de/10009203613

Consumer theory with bounded rational preferences

Gerasimou, Georgios - Volkswirtschaftliche Fakultät, … - 2009

The neoclassical consumer maximizes utility and makes choices by completely preordering the feasible alternatives and weighing when indifferent. The consumer studied in this paper chooses by weighing when indifferent and also when indecisive, without necessarily preordering the alternatives or...

Persistent link: https://www.econbiz.de/10008574617

Market Myths in Contemporary Economics

Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2010

, price determination and forces of demand and supply in order to illustrate how an EOS model offers greater economic growth …

Persistent link: https://www.econbiz.de/10008685520

Subsistence induced and complementarity induced irrelevance in preferences

Mitra, Manipushpak; Sen, Debapriya - Volkswirtschaftliche Fakultät, … - 2014

In a two-good setting we axiomatize (a) preferences with subsistence consumption and (b) a generalized version of Leontief preferences. Our axiomatization allows for different levels of subsistence and captures the presence of poverty and prosperity. Our axioms are based on the irrelevance of...

Persistent link: https://www.econbiz.de/10011098739

Congestion in a city with a central bottleneck

Fosgerau, Mogens; de Palma, André - Volkswirtschaftliche Fakultät, … - 2012

We consider dynamic congestion in an urban setting where trip origins are spatially distributed. All travelers must pass through a downtown bottleneck in order to reach their destination in the CBD. Each traveler chooses departure time to maximize general concave scheduling utility. We find...

Persistent link: https://www.econbiz.de/10011107266

Some remarks on restricted bargaining sets

Hervés-Estévez, Javier; Moreno-García, Emma - Volkswirtschaftliche Fakultät, … - 2012

We analyze bargaining mechanisms for allocating resources in atomless econo- mies. We provide results proving that it is not necessary to consider the forma- tion of all coalitions in order to obtain the bargaining sets. This is shown under restrictions of different nature, triggering different...

Persistent link: https://www.econbiz.de/10011107345

Determinants of tourist expenditure: a review of microeconometric models

Brida, Juan Gabriel; Scuderi, Raffaele - Volkswirtschaftliche Fakultät, … - 2012

This paper presents a comprehensive review of the econometric approaches for the analysis of tourism expenditure at individual level. The attempt to consider only regression models is novel in literature. The paper resumes 86 papers and 354 estimates of econometric models from data at individual...

Persistent link: https://www.econbiz.de/10011107561

Asymmetric Dominance, Deferral and Status Quo Bias in a Theory of Choice with Incomplete Preferences

Gerasimou, Georgios - Volkswirtschaftliche Fakultät, … - 2012

This paper proposes a model of individual choice that does not assume completeness of the decision maker's preferences. The model helps explain in a natural way, and within a unied framework of choice in the presence of preference-incomparable options, three distinct behavioural phenomena: the...

Persistent link: https://www.econbiz.de/10011107581