Variable Quality in Consumer Theory

Towards a Dynamic Microeconomic Theory of the Consumer

By: W.M. Wadman

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eText | 1 July 2016 | Edition Number 1

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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.