Traditional economic theory suggests that poor consumers are consistently more price sensitive than their wealthier counterparts. Recent research, however, indicates that various economic-related burdens, such as the cost ...

In 1991 Gary S. Becker presented A Note on Restaurant Pricing and Other Examples of Social In uences on Price explaining why many successful restaurants, plays, sporting events, and other activities do not raise their ...

Whenever customers’ choices (e.g. to buy or not a given good) depend on others choices (cases coined ‘positive externalities’ or ‘bandwagon effect’ in the economic literature), the demand may be multiply valued: for a same ...

An unprecedented crisis of confidence in Argentina's public statistics rendered the declaration of a ‘National Statistical Emergency’ in 2016. This paper examines the battle over the Argentine consumer price index (CPI) ...

We introduce a stochastic heterogeneous interacting-agent model for the short-time non-equilibrium evolution of excess demand and price in a stylized asset market. We consider a combination of social interaction within ...

Purpose: Given the growing supply of wines and the large number of new consumers with purchasing power but lacking knowledge of the subtleties of high-quality wines, expert opinions are used for consumers as proxies for ...

This study aims to bring together the insights of two strands of literature regarding urban development: urban economics originally considered in a monocentric spatial-economic framework and self-organizing systems and ...

El propósito de este estudio es investigar los factores que determinan la intención de uso en las Aplicaciones de entrega de comida en Lima, durante la pandemia del Covid -19. Asimismo, esta está basada en tres hipótesis ...

"This article compares different incentive policies to encourage the development of renewable energy (RE). These incentive policies (carbon tax, feed-in tariff, premium payment and quota system) are modeled in a simplified ...