Title Details: | |
Interaction between preferences, price and quantity |
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Authors: |
Tsounis, Nicholas |
Reviewer: |
Agiomirgianakis, George M. |
Description: | |
Abstract: |
Until the previous chapter, the basic assumption in consumer theory is that there is no interaction between consumer preferences and price and/or quantity. That is, it is assumed that preferences are independent of price/quantity and do not change with the change of the latter. In this chapter this assumption is relaxed, and this interaction (between preferences, price and quantity) is examined. Conspicuous consumption, Veblen goods, network externalities in utility, the bandwagon effect or conformism and the snob effect are analyzed.
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Linguistic Editors: |
Antonopoulos, Yannis |
Graphic Editors: |
Stavropoulos, Ilias |
Type: |
Chapter |
Creation Date: | 16-01-2024 |
Item Details: | |
License: |
Attribution - NonCommercial - ShareAlike 4.0 International (CC BY-NC-SA 4.0) |
Handle | http://hdl.handle.net/11419/12155 |
Bibliographic Reference: | Tsounis, N. (2024). Interaction between preferences, price and quantity [Chapter]. In Tsounis, N. 2024. Theory of the Consumer Behaviour [Postgraduate textbook]. Kallipos, Open Academic Editions. https://hdl.handle.net/11419/12155 |
Language: |
Greek |
Is Part of: |
Theory of the Consumer Behaviour |
Publication Origin: |
Kallipos, Open Academic Editions |