18 Jan
2014
18 Jan
'14
11:06 p.m.
On Sat, January 18, 2014 9:30 pm, Tim Josling wrote:
For example, when customers take price to be a signal
of quality, demand
can go *up* when the price is increased. I experienced this during my
consulting career when, after increasing my rate, the demand went up.
Shops
like jewelry shops and other outlets for status goods also tend to find
demand can go up when the price is increased.
http://en.wikipedia.org/wiki/Veblen_good
and especially...
http://en.wikipedia.org/wiki/Positional_good
--
Lev Lafayette, BA (Hons), GradCertTerAdEd (Murdoch), GradCertPM, MBA (Tech
Mngmnt) (Chifley)
mobile: 0432 255 208
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19 Jan
19 Jan
10:55 a.m.
New subject: Silk Road etc
Lev Lafayette wrote:
On Sat, January 18, 2014 9:30 pm, Tim Josling wrote:
I wonder if they are complicating the matter with their expectations;
whilst the empirical demand curve ( number of items demanded versus price);
as determined from market research say, is usually roughly 'hyperbolic';
if the demand curve is something else; so be it !
regards Rohan McLeod
For example, when customers take price to be a
signal of quality, demand
can go *up* when the price is increased. I experienced this during my
consulting career when, after increasing my rate, the demand went up.
Shops
like jewelry shops and other outlets for status goods also tend to find
demand can go up when the price is increased.
http://en.wikipedia.org/wiki/Veblen_good
and especially...
http://en.wikipedia.org/wiki/Positional_good
3359
days inactive
3359
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1 comments
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participants (2)
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Lev Lafayette -
Rohan McLeod