Discrete/continous models of consumer demand
1982
Hanemann, W.M.
Extract: The paper is organized as follows. Section 2 describes a general procedure for constructing discrete/continous consumer demand models. In section 3 this procedure is applied to the development of specific models for quality-differentiated goods. A special feature of these models is that the consumer regards the different brands essentially as substitutes and thus prefers to buy only one brand at a time. Various utility models with this property are presented in section 3. Some extensions of these models are considered in section 4. The conclusions are summarized in section 5.
Show more [+] Less [-]AGROVOC Keywords
Bibliographic information
This bibliographic record has been provided by National Agricultural Library
