I was wondering if anyone here is an economist. I am currently acquiring my master in Econ and I am taking a class that deals with Marginal rate of substitution and Indifference curves, there are very little market that you can fit into this model but video games (I feel) is one of them. I am currently trying to make a model of this Christmas sales in comparison
If MRS=Pa/Pb
a=DS price
b PSP price
Do we have any for sure prices because I feel that its the only way of truly trying to predict these sales?
Im just trying to apply this crappy ass boring Econ model to markets that I actually follow, so all econ buffs lets try to do it!.