Multiple equilibria with a multiple price list created by Stéphan Marette , Sandrine Blanchemanche and Jutta Roosen
Material type:
- text
- unmediated
- volume
- 13504851
- HB1.A666 APP
Reviews from LibraryThing.com:
Item type | Current library | Call number | Vol info | Copy number | Status | Notes | Date due | Barcode | |
---|---|---|---|---|---|---|---|---|---|
![]() |
Main Library - Special Collections | HB1.A666 APP (Browse shelf(Opens below)) | Vol.20, no. 9 (pages 809-812) | SP17975 | Not for loan | For In House Use Only |
A multiple price list is useful for eliciting a Willingness-to-Pay (WTP) and a possible Lower Limit (LL) under which the demand is zero. This multiple price list implies an aggregate demand determined by the number of participants whose WTP is greater than the market price and whose LL is below this market price. From a survey focusing on meat demand, we show that this aggregate demand leads to multiple price equilibria.
There are no comments on this title.
Log in to your account to post a comment.