Article ID Journal Published Year Pages File Type
981603 Procedia Economics and Finance 2014 6 Pages PDF
Abstract

In the paper study the peculiarities of the formation the consumer demand for durable goods, the so-called «experience goods» in markets with asymmetric information.In the known literature sources studying of the demand is based on the assumption that at the moment of the purchase of goods and services people know exactly what price they are willing to pay for them and what utility they are going to obtain using those goods and services.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics