We explore the dynamics of demand for n designs of a good when agents have preferences for (anti-)conformity. Agents … lower status, relative to her own status. In each period, every agent chooses a design given each agent's demand in the … previous period. We show that demand dynamics resemble fashion cycles: Total demand for each design over time is repetitively …

the classic Slutsky symmetry and negative semideniteness properties employed in certainty demand analysis. First … rationalizing conditional asset demand by a representation of risk preferences. Non-independence precludes proving the existences of …

-quantity relationship under conditions associated with monopolistic competition. Inverse demand will be just as own-price elastic as demand … in the neighborhood of the limit state, while demand will always be more own-price elastic than inverse demand everywhere … define monopolistic competition. Instead, inverse demand systems lead to a perfectly price elastic price …

feature parallel demand curves. Specifically, we show that in additive random utility models, inverse aggregate demand curves …