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