Modifying the dynamic market demand function while considering the market trade information and the consumers' affordability

Please use this identifier to cite or link to this item: http://nhuir.nhu.edu.tw/handle/987654321/23480

Title:	Modifying the dynamic market demand function while considering the market trade information and the consumers' affordability
Authors:	丁誌魰;Ting, Chih-Wen;Chen, Miao-Sheng
Contributors:	旅遊管理學系
Keywords:	Demand;afford;willingness;bivariate probability distribution;dynamic
Date:	2004
Issue Date:	2015-09-18 17:14:03 (UTC+8)
Abstract:	The consumers may change their internal reference demand price when new price information becomes available. Based on the viewpoint, Chen and Chen [1998] had developed a few methods to construct a dynamic demand function while considering the spreading of market trade price information. However, not only the consumers’ internal reference demand price but also the affordable price will affect the quantity demanded of a good; in the model of Chen and Chen, the consumers’ affordability was not discussed. Hence, this paper wants to modify the dynamic demand function while considering the consumers’ affordability. The modified dynamic market demand function can provide a more precise reference for scholars or firms to do further research.
Relation:	Journal of Statistics & Management Systems Vol.7, No.3 pp.457-470
Appears in Collections:	[Department of Tourism Management, The M.A. Program of Tourism Management and Leisure Environment Management] Periodical Articles

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