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Evolution of consumers' preferences has been recognized by many scholars as being key to understanding technological change. However, mainstream economics cannot account for the seemingly irrational behavior of consumers based on changes in taste – consumer theory lacks exibility and accuracy...
Persistent link: https://www.econbiz.de/10005150783
indicators. Using the example of a local food market model, it is shown how the relationship between consumer needs and …
Persistent link: https://www.econbiz.de/10005225918
This paper focuses on the role of imperfect competition as a microfoundation for fiscal policy effectiveness. The seminal papers in this area conclude that the higher the degree of monopoly power the higher the value of fiscal policy multipliers. However, this result has been criticised because...
Persistent link: https://www.econbiz.de/10005225951
This paper takes place within the societal shift from modernism to postmodernism and presents major consumption trends of the last two decennia. Those trends lead to a series of paradoxes that are interpreted in the light of postmodernist theories. The paper shows how consumption phenomena...
Persistent link: https://www.econbiz.de/10005350420
In this paper, we analyse the effect of food price changes on household consumption in Ghana during the 1990s and … the object of this study. Food consumption behaviour in Ghana is analyzed by estimating a complete food demand system … price elasticities are then utilized to evaluate the distributional impacts of the relative food price changes in terms of …
Persistent link: https://www.econbiz.de/10005243560
As a Norwegian sociologist pointed out recently at the Encontro Internacional de Vilamoura on Fishing, “the fisheries management is the management of people, not fish" This statement may surprise many specialists, but it puts once again a series of questions and problems in their true place:...
Persistent link: https://www.econbiz.de/10005260089
Innovation is a process that involves searching for new information. This paper builds upon theoretical insights on individual and organizational learning and proposes a knowledge based model of how actors search for information when confronted with innovation. The model takes into account...
Persistent link: https://www.econbiz.de/10005264544
Persistent link: https://www.econbiz.de/10005184494
The Bank of Finland’s Finnish Payment Habits 2010 project predicts that Finnish payment habits will face substantial changes. The causes for these changes include: the standardisation and integration of European payment systems, development of payment services-related legislation and...
Persistent link: https://www.econbiz.de/10005190760
Asymmetric information is at the heart of situations involving trust. In the case of B2C Internet commerce, the information asymmetry typically relates to the difficulty that consumers have of distinguishing between "trustworthy" and "untrustworthy" Web merchants. The impasse can be resolved by...
Persistent link: https://www.econbiz.de/10005212366