Print ISSN 1561-9443 On-line ISSN 1561-9451 |
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2(20) 2001
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- A.A. Baikin, E.U. Ivanov
Influence of the information's price on consumer choice
In this case price of each good develops of the actually price of this good plus of the price of the conjuncture information about this good. Thus, the informed consumer actually reduces the price of the consumed good that increases his budget and can change optimal choice. The researches of the modified with allowance of the information price the model of consumer choice conducted for a individual kinds of the utility functions (linear, Leontieff, Cobb-Douglas, Stone) have enabled to evaluate character and degree of influence of the conjuncture information on structure and volumes of consumption of the acquired goods.
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