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Variable Quality in Consumer Theory: Towards a Dynamic Microeconomic Theory of the Consumer : Towards a Dynamic Microeconomic Theory of the Consumer - W. M. Wadman

Variable Quality in Consumer Theory: Towards a Dynamic Microeconomic Theory of the Consumer

Towards a Dynamic Microeconomic Theory of the Consumer

Hardcover Published: 23rd May 2000
ISBN: 9780765604644
Number Of Pages: 324

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Examines consumer decision-making on products and services of variable quality at the level of retail markets. Addresses for the first time consumer-producer interaction at the level of the individual consumer; issues of quality, consumption experience, and willingness-to-pay, as exhibited by individual consumers; and how these issues affect the decision-making process.

Evolution of Variable Quality in Economic Thought: Antecedents to a New Theory of Consumption
Introduction
Early Attempts to Introduce Variable Quality
Theory of the Consumer and Variable Quality: The Contributions of James Duesenberry and Henri Theil
Theory of the Consumer and Variable Quality: The Contribution of Hendrik Houthakker
Quantity-Quality Tradeoffs: The Contribution of Jack Hirshleifer
Wants, Characteristics, Price Indices and Variable Quality: Ironmonger, Lancaster, Fisher-Shell, Muellbauer, and Others
A New Economic Theory of Consumer: Variations on a Theme by Houthakker
Interpretations of the Houthakker Constraint
Consumer Surplus, Willingness-To-Pay, Perception and b(subscript)i
Stability of b(subscript)i, Attractors and Self Perception: A Feigenbaum Model of Consumer Decision Making
Willingness-To-Pay, Targeting, Learning, and Demand Prices
Consumer-Producer Interaction and the Market
Transaction Regions, Neighborhoods and Targeting
Individual Consumer Demand from Quality-Quantity Space
Individual Consumer Demand from x (subscript) ix (subscript) j Space: Interaction with the i-th Commodity Producer
Individual Consumer Demand from x (subscript) ix (subscript) j Space: Consumer Interaction with the i-th and j-th Commodity Producer
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780765604644
ISBN-10: 0765604647
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 324
Published: 23rd May 2000
Publisher: Taylor & Francis Ltd
Country of Publication: GB
Dimensions (cm): 26.04 x 19.05  x 2.54
Weight (kg): 0.81