Alchian-Allen Effect
Definition
An economic principle stating that adding a fixed per-unit cost to two grades of a good shrinks their relative price ratio, shifting demand toward the higher-quality good.
Cast within
No topic-region cast yet — this appears once Alchian-Allen Effect's compiled claims are aligned into a topic region's argument tree.
Claims mentioning Alchian-Allen Effect (0)
No claims found for this concept.
My Notes
Loading notes...