SOME EVIDENCE ON THE ALCHIAN AND ALLEN THEOREM: THE THIRD LAW OF DEMAND?

Eric Bertonazzi

52 citations0/0 files storedEconomic Inquiry

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Consumer Market Behavior and Pricing Merger and Competition Analysis Economic and Environmental Valuation

Abstract

This paper examines empirically the Alchian and Allen proposition that shipping charges induce consumers to opt for higher quality goods. We show in a household productions framework why this holds whether goods or buyers travel. Using a large sample of individual consumption data for football games, we find that buyers who travel the farthest, purchase the best tickets. In the end, we believe that the Alchian and Allen theorem is so broad and pervasive that it qualifies as the third law of demand.

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1972Consumer Demand. A New Approach.1971A Disneyland Dilemma: Two-Part Tariffs for a Mickey Mouse Monopoly

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1995GOOD GRAPES AND BAD LOBSTERS: APPLYING THE ALCHIAN AND ALLEN THEOREM 2004Shipping the Good Apples Out: A New Perspective 2020International trade, quality sorting and trade costs: the case of Cognac 2021Impulsive Shopping Overseas: Do Sunk Cost, Information Confusion, and Anticipated Regret Have a Say?2012Excise Taxes, Tax Incidence, and the Flight to Quality 2010The Alchian–Allen theorem and the law of relative demand: The case of multiple quality-differentiable brands 2006Treatment of Travel Expenses by Golf Course Patrons: Sunk or Bundled Costs and the First and Third Laws of Demand 2011On Giffen-like goods

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