Price Heterogeneity as a Source of Heterogeneous Demand
Fuente:
arXiv
Guardado en:
| Autores principales: | , |
|---|---|
| Formato: | Preprint |
| Publicado: |
2022
|
| Materias: | |
| Acceso en línea: | |
| Etiquetas: |
Agregar Etiqueta
Sin Etiquetas, Sea el primero en etiquetar este registro!
|
| _version_ | 1866918518761455616 |
|---|---|
| author | Quah, John K. -H. Tserenjigmid, Gerelt |
| author_facet | Quah, John K. -H. Tserenjigmid, Gerelt |
| contents | We explore heterogeneous prices as a source of heterogeneous or stochastic demand. Heterogeneous prices could arise either because there is actual price variation among consumers or because consumers (mis)perceive prices differently. Our main result says the following: if heterogeneous prices have a distribution among consumers that is (in a sense) stable across observations, then a model where consumers have a common utility function but face heterogeneous prices has precisely the same implications as a heterogeneous preference/random utility model (with no price heterogeneity). |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2201_03784 |
| institution | arXiv |
| publishDate | 2022 |
| record_format | arxiv |
| spellingShingle | Price Heterogeneity as a Source of Heterogeneous Demand Quah, John K. -H. Tserenjigmid, Gerelt Theoretical Economics We explore heterogeneous prices as a source of heterogeneous or stochastic demand. Heterogeneous prices could arise either because there is actual price variation among consumers or because consumers (mis)perceive prices differently. Our main result says the following: if heterogeneous prices have a distribution among consumers that is (in a sense) stable across observations, then a model where consumers have a common utility function but face heterogeneous prices has precisely the same implications as a heterogeneous preference/random utility model (with no price heterogeneity). |
| title | Price Heterogeneity as a Source of Heterogeneous Demand |
| topic | Theoretical Economics |
| url | https://arxiv.org/abs/2201.03784 |