Multiple equilibria with a multiple price list

Stéphan Marette (), Sandrine Blanchemanche and Jutta Roosen
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Sandrine Blanchemanche: MET@RISK - Méthodologies d'Analyse de Risque Alimentaire - INRA - Institut National de la Recherche Agronomique

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Abstract: A multiple price list is useful for eliciting a Willingness-to-Pay (WTP) and a possible Lower Limit (LL) under which the demand is zero. This multiple price list implies an aggregate demand determined by the number of participants whose WTP is greater than the market price and whose LL is below this market price. From a survey focusing on meat demand, we show that this aggregate demand leads to multiple price equilibria.

Date: 2013
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Citations: View citations in EconPapers (2)

Published in Applied Economics Letters, 2013, 20 (8), pp.809-812. ⟨10.1080/13504851.2012.748174⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01019040

DOI: 10.1080/13504851.2012.748174

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