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.
Year of publication: |
2013
|
---|---|
Authors: | Marette, Stéphan ; Blanchemanche, Sandrine ; Roosen, Jutta |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 20.2013, 8, p. 809-812
|
Publisher: |
Taylor & Francis Journals |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Marette, Stéphan, (2010)
-
Roosen, Jutta, (2009)
-
Consumer choices for nano-food and nano-packaging in France and Germany
Bieberstein, Andrea, (2013)
- More ...