Convenient Economics: The Incorporation and Implications of Convenience in Market Equilibrium Analysis

George Davis

Applied Economics Teaching Resources (AETR), 2020, vol. 2, issue 3

Abstract: Convenience is perhaps the most important “commodity” being sold in the market today, and yet there is nothing of analytical substance to be found in most undergraduate textbooks. The purpose of this article is to provide a straightforward framework for teaching students the economics of convenience, utilizing the standard tools of introductory and intermediate microeconomics. The framework is used to answer several questions related to convenience that could not be answered with the typical supply and demand framework found in undergraduate textbooks. The key analytical features of the article are provided in a complementary PowerPoint file in the online supplementary appendix.

Keywords: Teaching/Communication/Extension/Profession (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/303919/files/AETR_2020_006RProofFinal_v9.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaeatr:303919

DOI: 10.22004/ag.econ.303919

Access Statistics for this article

More articles in Applied Economics Teaching Resources (AETR) from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().