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: | Thon D., Thorlund-Petersen L. |
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.