Very often for water bills, you have to pay more per unit once your
consumption goes above a certain level. This might make it seem like
the price goes up because your quantity demanded goes up(which reverses
the causality) and would mean an upward sloping demand curve.
Cyril Morong
At a
Very often for water bills, you have to pay more per unit once your consumption goes
above a certain level. This might make it seem like the price goes up because your
quantity demanded goes up(which reverses the causality) and would mean an upward
sloping demand curve.
But if there is a
Ed Dodson responding...
[EMAIL PROTECTED] wrote:
Very often for water bills, you have to pay more per unit once your consumption goes
above a certain level. This might make it seem like the price goes up because your
quantity demanded goes up(which reverses the causality) and would mean an
Fred Foldvary:
If the perception is that it is of better quality, then it is a different
product, and the demand curve, which is for just one product, does not
slope up.
Couldn't these two be disentangled? It seems to me that, OK, there are
various reasons why, if the market price rises,
A. Woolf wrote:
This reminds me of a paper I read as an undergrad in micro theory. I think it was by
Harvey Liebenstein and titled Bandwagon, Snob, and Veblen Effects. I don't remember
the journal, but it was probably from the 1960s
or early 1970s.
_
In response:
The Role of Price Endings: Why Stores May Sell More at $49 than at $44
This joint Chicago/MIT study, utilizing a large catalog field test,
found that increasing the price of an item from $44 to $49 may actually
increase demand of that item (quantity demanded for the anal-retentive
on the
All this time I've been living under the impression that there wasn't a Santa Claus
and that upward sloping demand curves were the unicorns of economic theory. Alas, I
was wrong.
The current presidential race had already convinced me that Santa Claus does in fact
exist afterall, and he even
] wrote:
All this time I've been living under the impression that there wasn't a Santa Claus
and that upward sloping demand curves were the unicorns of economic theory. Alas, I
was wrong.
The current presidential race had already convinced me that Santa Claus does in fact
exist afterall, and he
My understanding of the upward sloping demand curve is that consumers may
be willing to buy more of a product if the price is higher because the
higher price may signal better quality.
This seems to imply that two factors are changing. I always thought that
along a demand curve just one factor
On Tue, 26 Sep 2000, Cyril Morong wrote:
My understanding of the upward sloping demand curve is that consumers may
be willing to buy more of a product if the price is higher because the
higher price may signal better quality.
If the perception is that it is of better quality, then it is a
You can download it at:
http://papers.ssrn.com/paper.taf?ABSTRACT_ID=232542
Scott Merryman
---
Where's the paper printed? I did a search on Econlit and couldn't
find
anything.
Daljit Dhadwal
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