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Persistent link: https://www.econbiz.de/10003317718
Persistent link: https://www.econbiz.de/10003509909
The goal of this paper is to analyze consumer demand in markets with large price uncertainty. We develop a demand model for goods that are subject to habit formation. We show that consumption plans of forward looking individuals depend not only on preferences and current period prices, but also...
Persistent link: https://www.econbiz.de/10013238968
The goal of this paper is to analyze consumer demand in markets with large price uncertainty. We develop a demand model for goods that are subject to habit formation. We show that consumption plans of forward looking individuals depend not only on preferences and current period prices, but also...
Persistent link: https://www.econbiz.de/10012466538