Recent literature finds evidence that prices decrease during demand peaks. This paper argues that the price decrease is … an artefact of ignoring product differentiation. We develop a simple individual demand model which shows that at periods … of exogenous high demand, consumers migrate towards cheaper lower quality products, pushing the average category price …

While audience and participation surveys, as well as econometric demand studies, generally confirm that performing arts … are examined. Price inelastic demand is more likely the result of low pricing strategies of non-profit arts managements …, even within the performing arts. Arts demand cannot adequately be estimated without also considering “life-style” variables …

other products by an unusually low elasticity of demand with respect to product failure. While consumers in other markets … potential cures accumulated over time. Because no one was ever cured and consumers possessed a highly inelastic demand with … respect to product failures, demand was unrelenting. In short, patent medicines flourished not despite their dubious medicinal …

hypothesizes that a higher expected price level for both products shifts demand toward the more expensive, high-quality product …. Second, it predicts that demand for the high-quality product is larger if the price level is expectedly high than if it is …

neben der Entwicklung der Ausgaben für Nahrungsmittel auch die Entwicklung der Nachfrage nach Nahrungsmittelqualität. Sowohl …