Aranoff, Gerald (2013) A Model Illustrating Consumer Inconstancy: Demand and Supply Sides. Modern Economy, 04 (12). pp. 821-826. ISSN 2152-7245
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Official URL: https://doi.org/10.4236/me.2013.412088
Abstract
John M. Clark in his classic 1923 Economics of Overhead Costs asks if anyone knows what it costs to supply demand irregularity. He also asks if consumers need demand irregularity, consciously or unconsciously. We provide a model for a plausible theoretical basis to begin to answer each question. The models permit mathematical proofs and graphic demonstrations of the costs to society of supplying for demand irregularity and of the willingness to pay on the part of consumers for demand irregularity. JEL (D24).
Item Type: | Article |
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Subjects: | Science Repository > Multidisciplinary |
Depositing User: | Managing Editor |
Date Deposited: | 11 Jul 2023 03:48 |
Last Modified: | 16 Oct 2023 03:35 |
URI: | http://research.manuscritpub.com/id/eprint/2582 |