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development of economic studies, especially in the fundamental concepts of modern economics: supply and demand analysis. In this … presentation, we use the concept of meme to explore evolution of demand. This study offers an evolutionary model of demand, which … product and consumer preference. It is very different from the conventional approach of demand, which only views utility as a …
Persistent link: https://www.econbiz.de/10008548835
. The second chapter provides a theory of offshoring under imitation risk that explains optimal dynamic adjustments of firms …
Persistent link: https://www.econbiz.de/10011742945
demand. The optimal tariff is a flat rate if marginal cost of production is low compared to a consumer’s degree of loss … aversion and if there is enough variation in the consumer’s demand. Moreover, if consumers differ with respect to the degree of …-Rate Tariffs ; Nonlinear Pricing ; Uncertain Demand …
Persistent link: https://www.econbiz.de/10003987825
demand. The optimal tariff is a flat rate if marginal cost of production is low compared to a consumers degree of loss … aversion and if there is enough variation in the consumers demand. Moreover, if consumers differ with respect to the degree of …-Rate Tariffs ; Nonlinear Pricing ; Uncertain Demand …
Persistent link: https://www.econbiz.de/10009236785
future demand. Possibly, consumers in our model prefer a flat rate to a measured tariff, even though this choice does not … are strong variations in demand. Moreover, we analyze the optimal nonlinear tariff. This tariff has a large flat part when … Pricing ; Uncertain Demand …
Persistent link: https://www.econbiz.de/10009739169
demand. The optimal tariff is a flat rate if marginal cost of production is low compared to a consumer's degree of loss … aversion and if there is enough variation in the consumer's demand. Moreover, if consumers differ with respect to the degree of … demand. The optimal tariff is a flat rate if marginal cost of production is low compared to a consumer’s degree of loss …
Persistent link: https://www.econbiz.de/10008822064
Asset demand tests for Expected Utility have almost universally been implemented in contingent claim settings where … be uniquely recovered from given asset prices and the asset demand problem cannot be reduced to an equivalent contingent … possible to construct contingent claim prices that support contingent claim demand resulting from the maximization of Expected …
Persistent link: https://www.econbiz.de/10012998148
future demand. Possibly, consumers in our model prefer a flat rate to a measured tariff, even though this choice does not … are strong variations in demand. Moreover, we analyze the optimal nonlinear tariff. This tariff has a large flat part when …
Persistent link: https://www.econbiz.de/10014184126
demand also changes over time, but not so arbitrarily. In fact, the inverse demand gets steeper over time because consumers …' valuations become more dispersed. This insight on the demand dynamic suggests several implications about the way prices and …
Persistent link: https://www.econbiz.de/10014055447
uncertainty. Considering the size of the market as a proxy for the presence of demand, we find support for the idea that the …We study the impact of demand on innovation. By focusing on a sample of small- and medium-sized enterprises in several … industries and European countries, we analyse how demand stimulates innovation by providing economic incentives and reducing …
Persistent link: https://www.econbiz.de/10014213150