WITTMAN, DONALD - In: Economic Inquiry 46 (2008) 2, pp. 283-288
"We show that status quo bias combined with downward-sloping demand implies addictive behavior. This result does not depend on transitivity, a complete ordering, or even the existence of a preference relation that rationalizes choices." ("JEL" D11, D81) Copyright (c) 2007 Western Economic...