Adobe PDF (1.39 MB)
Title Details:
Interaction between preferences, price and quantity
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.
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