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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| Format: | text |
| Language: | English |
| Published: |
Animo Repository
2021
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/etd_bachelors/5538 |
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| Institution: | De La Salle University |
| Language: | English |
| Summary: | 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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