Journal ArticleDOI
Discrete/continuous models of consumer demand
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This article is published in Econometrica.The article was published on 1984-05-01. It has received 786 citations till now. The article focuses on the topics: Demand curve.read more
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Purchase Intention Effects in Experimental Auctions and Real Choice Experiments
Jing Xie,Zhifeng Gao,Lisa House +2 more
TL;DR: The authors examined consumers' preference for three types of orange juice in China and found that WTP estimates from real choice experiment are significantly higher than auction bids, which is consistent with what Lusk and Schroeder (2006) and Gracia, Loureiro, and Nayga (2011) found in their paper.
Regulation in Oligopolistic Markets with Differentiated Products: The Demand for New Cars
TL;DR: In this article, the authors explored the demand response in the market for new cars subsequent to changes in the pricing of vehicle emissions, based upon a number of utility components, principally the average utility of each vehicle choice and variation in utility that derives from both observed and unobserved characteristics.
Posted Content
Analysis of Multiple Discrete-Continuous Choices: Empirical Evidence of Biased Price Elasticities under Standard Discrete Choice models on the Soft Drink Market
Céline Bonnet,Olivier de Mouzon +1 more
TL;DR: In this article, the authors show that consumer substitution patterns could be biased if multiple brand and quantity choices are not taken into account, which suggests that own price elasticities could be significantly underestimated.
Journal ArticleDOI
Incorporating Quality-Differentiated Demand into the Undergraduate Microeconomics Core
TL;DR: In this article , a quality-related aspect of consumer choice in undergraduate microeconomics is addressed and a conceptual framework underlying a linear demand structure for quality-differentiated goods is developed, which is then incorporated into a conventional undergraduate critique of market efficiency in responding to consumer choice.
References
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Journal ArticleDOI
Sample Selection Bias as a Specification Error
TL;DR: In this article, the bias that results from using non-randomly selected samples to estimate behavioral relationships as an ordinary specification error or "omitted variables" bias is discussed, and the asymptotic distribution of the estimator is derived.
Journal Article
Modeling the choice of residential location
TL;DR: The problem of translating the theory of economic choice behavior into concrete models suitable for analyzing housing location and methods for controlling the size of data collection and estimation tasks by sampling alternatives from the full set of alternatives are discussed.
Journal ArticleDOI
An Econometric Analysis of Residential Electric Appliance Holdings and Consumption
Jeffrey A. Dubin,Daniel McFadden +1 more
TL;DR: In this paper, the authors used a subsample of the 1975 survey of 3249 households carried out by the Washington Center for Metropolitan Studies (WCMS) for the Federal Energy Administration for the purpose of testing the statistical exogeneity of appliance dummy variables typically included in demand for electricity equations.
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Urban travel demand - a behavioral analysis
T A Domencich,Daniel McFadden +1 more
TL;DR: In this paper, the authors integrate economic concepts of supply and demand equilibrium for urban activities using the concept of traffic equilibrium within transportation networks and describe the cutting edge in travel demand analysis using the latest methods.