Multiple equilibria with a multiple price list

Stéphan Marette; Sandrine Blanchemanche; Jutta Roosen

doi:10.1080/13504851.2012.748174

Multiple equilibria with a multiple price list

Stéphan Marette, Sandrine Blanchemanche, Jutta Roosen

Chair of Marketing and Consumer Research

Research output: Contribution to journal › Article › peer-review

3 Scopus citations

Abstract

A multiple price list is useful for eliciting a Willingness-to-Pay (WTP) and a possible Lower Limit (LL) under which the demand is zero. This multiple price list implies an aggregate demand determined by the number of participants whose WTP is greater than the market price and whose LL is below this market price. From a survey focusing on meat demand, we show that this aggregate demand leads to multiple price equilibria.

Original language	English
Pages (from-to)	809-812
Number of pages	4
Journal	Applied Economics Letters
Volume	20
Issue number	8
DOIs	https://doi.org/10.1080/13504851.2012.748174
State	Published - 2013

Keywords

Multiple equilibria
Survey
Willingness-to-Pay

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10.1080/13504851.2012.748174

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Multiple equilibria with a multiple price list

Abstract

Keywords

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