IS STATUS QUO BIAS CONSISTENT WITH DOWNWARD‐SLOPING DEMAND?

Donald Wittman

Economic Inquiry, 2008, vol. 46, issue 2, 283-288

Abstract: We show that status quo bias combined with downward‐sloping demand implies addictive behavior. This result does not depend on transitivity, a complete ordering, or even the existence of a preference relation that rationalizes choices. (JEL D11, D81)

Date: 2008
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https://doi.org/10.1111/j.1465-7295.2007.00061.x

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Working Paper: Is Status Quo Bias Consistent With Downward Sloping Demand? (2005)
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