Showing 1 - 2 of 2
Hicksian welfare theory is static in nature, but many decisions are made in a dynamic environment. We present a dynamic model of an agent's decision to purchase or sell a good under the realistic conditions of uncertainty, irreversibility, and learning over time. Her willingness to pay (WTP)...
Persistent link: https://www.econbiz.de/10005578455
Persistent link: https://www.econbiz.de/10010596948