Skip to main content
eScholarship
Open Access Publications from the University of California

Is Status Quo Bias Consistent With Downward Sloping Demand?

Abstract

We show that status-quo bias combined with downward-sloping demand implies addictive behavior. This result does not depend on transitivity, a complete ordering, or even the existence of a preference relation that rationalizes choices.

Main Content
For improved accessibility of PDF content, download the file to your device.
Current View