On the congruence between consumer tastes and market prices

On the congruence between consumer tastes and market prices

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Article ID: iaor19972265
Country: Germany
Volume: 18
Issue: 3
Start Page Number: 163
End Page Number: 167
Publication Date: Jul 1996
Journal: OR Spektrum
Authors: ,
Abstract:

Notions of congruence between the tastes of the consumer and the market prices are defined and it is shown that the higher the degree of congruence, the worse off the consumer is. Applications to consumer over time and expected utility are given.

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