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A Model of Consumer Choice With Bounded Rationality and Reference Quantity
The authors consider the economic problem of consumers' demand under the assumption of bounded rationality. They move from the hypothesis that the consumer does not know the amount of the good maximizing the utility but he/she...
Published by: IGI Global
An Evolutionary Game to Model Offshoring and Reshoring of Production Between Developed and Developing Countries
A dynamic model is proposed to describe the time evolution of production location choices of a multinational enterprise that can decide between two possible manufacturing locations: a stylized developed economy and a developing...
Published by: IGI Global