Suppose the platform slightly increases the royalty from the equilibrium level. The provider then transfers the increased commission to its online price. In order to make up for the burden of high prices on consumers, the platform also has to increase the rebate. At this time, the platform can...
Studies on consumers' willingness to purchase products at price premiums showed that the highest willingness to buy products exists when certifications were present that relate to animal welfare (e.g. avoiding by-catch, being turtle-safe [38]) and not involving child labor [40]. However, a dis...
What should a consumer do to attain equilibrium if they have not already? What is the difference between capital goods and consumer goods? What is the term for the satisfaction or benefit that consumers receive from consuming goods or services? What would an entity be...
The question as to whether consumer sovereignty really exists has been around for ages. Some people feel like it is a myth. In practice, firms may regard or disregard consumer sovereignty, depending on their interests.Answer and Explanation: Consumer sovereignty is achieved when the demands or pre...
Calculating derivatives of the basic reproduction number at the equilibria we prove that the upper of the two non-trivial equilibria (when it exists) is locally asymptotically stable independently of the time delay. The smaller of the two equilibria is always unstable. Using numerical simulations we...
where in solving the model we impose the terminal condition that \(\Delta bf=0\) to find the equilibrium real exchange rate. The real exchange rate is defined as: $${q}_{t}=\frac{{Q}_{t}{P}_{h,t}^{*}}{{P}_{h,t}}$$ (20) The real interest rate is calculated by the...
equilibrium exists for this case. (ii) 1 – s # y # s case: Similarly to the above case, the profit functions for both firms in this case are 1 0 1 0 1 1 1 1 ( ) ( ) ( ) [ (1 )] (1 ) , [ (1 )] ( ) ( ) [ (1 )] ( ) (1 ) . − − − = + +...
[translate] aSecond, Jim’s consumer equilibrium must be made on his budget line which is given by the equation ,where and represent prices of good X and good Y, respectively; 其次,吉姆的在等式给的他的预算额度必须做消费者平衡 的地方 并且 代表好X和好Y的价格,分别; [translate] ...
If consumers are very conformist then only the high quality firm is active at price equilibrium and only one social group exists as consumers buy the same quality. This allows to confirm casual observation that suggests that when conformity characterizes some markets like garments, entertainments, ...
(2011) with human subjects as consumers, what is common to all these works is their shared assumption of the fact that firms are competing to capture rational and fully informed consumers even when they document spatial behavior that departs from Nash equilibrium when it theoretically exists. The...