. We derive new theoretical results on the effects of probability weighting in the context of common insurance demand … comparative statics. In a binary-risk model, probability weighting predicts higher demand than EU alone, explaining commonly …

show that a positive demand shock to one of the products decreases the price of another product, whereas it increases its … decrease, however, following a positive demand shock when the demands for each product are positively correlated. We also show … elastic with respect to search costs. A price difference between products increases as the demand gap between products …

We investigate the relationship between centralized and decentralized collective demand models applied to consumption … individual preferences affect the relationship between centralized and decentralized demand …

time in particular-, are taken into account, a good has to comply with the Law of Demand if it is normal and its excess … demand is positive, or if it is inferior and its excess demand is negative. This result holds even if either the substitution … effect is zero; or the excess demand and\or the income effect are zero; but not otherwise. This article also outlines other …

We extend upon Reeves (2020), who attempts to demonstrate that classical violations of the Law of Demand are in … demand sends a shock to the Giffen good’s demand curve, shifting it out through a change in preferences and, hence, violating … (2007) by suggesting that the price and demand changes that they are measuring are likely changes along the supply curve …

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 …

and expenditure elasticities ; aggregation bias ; consumer demand ; generalized measures of income inequality ; income …

-quantity relationship under conditions associated with monopolistic competition. Inverse demand will be just as own-price elastic as demand … in the neighborhood of the limit state, while demand will always be more own-price elastic than inverse demand everywhere … define monopolistic competition. Instead, inverse demand systems lead to a perfectly price elastic price …

The paper presents a revision of the contemporary reductionistic demand theory, replacing the studying object, i.e. an … demand theory formally retains the neoclassical demand theory with reconsidering the utility function as a collective one. A … of Konüs indexes. The method is demonstrated on an example of the new Giffen demand model …

when (i) there is complementarity in demand; (ii) BLP is misspecified about its random coefficients; and (iii) consumers …