On integrability of demand functions in case of goods shortage (Q2719427)
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scientific article; zbMATH DE number 1609675
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | On integrability of demand functions in case of goods shortage |
scientific article; zbMATH DE number 1609675 |
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25 June 2001
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demand function
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integrability
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0.8668008
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0.86160886
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0.84390736
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0.83438885
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0.8317883
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On integrability of demand functions in case of goods shortage (English)
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The author proposes a model of the consumers behavior in case of the goods shortage. The shortage is modelled as randomness of the range of goods on sale. The consumer behavior is described by a multistage problem of stochastic programming. An example is considered which shows that the goods shortage may cause the violation of the demand integrability conditions.
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