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~person:"Brown, Matthew T."
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Alchian-Allen theorem
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Brown, Matthew T.
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International Journal of Sport Finance
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Treatment of Travel Expenses by Golf Course Patrons: Sunk or Bundled Costs and the First and Third Laws of Demand
Brown, Matthew T.
;
Rascher, Daniel A.
;
McEvoy, Chad D.
; …
- In:
International Journal of Sport Finance
2
(
2007
)
1
,
pp. 45-53
of travel costs must be understood. According to the
Alchian
-Allen (1964) theorem, golfers treat travel costs as bundled …
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