Yosi economics: An analysis of the underlying assumptions of cigarette demand and construction of a baseline static cigarette demand model
Consumer choice theory defines demand for a normal good as a function of price and non-price factors. This theoretical research will present a baseline model for cigarette consumption while relaxing aspects of classical economic theory. Other factors such as addiction and psychological factors will...
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| Main Authors: | , |
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| 格式: | text |
| 語言: | English |
| 出版: |
Animo Repository
2013
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| 在線閱讀: | https://animorepository.dlsu.edu.ph/etd_bachelors/11910 |
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| 總結: | Consumer choice theory defines demand for a normal good as a function of price and non-price factors. This theoretical research will present a baseline model for cigarette consumption while relaxing aspects of classical economic theory. Other factors such as addiction and psychological factors will be incorporated exogenously--although limited-- due to the static nature of the suggested model. A comparison is done to the model of Cobb--Douglas utility functions to illuminate some properties of this model. |
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