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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Consumer preferences and willingness to pay for value-added chicken product attributes.
TL;DR: Young consumers, individuals who shop at Farmers' Markets and those who prefer free-range or organic products were more likely to pay a premium for value-added chicken products, and consumers' WTP was affected negatively by product price.
Journal ArticleDOI
Measuring The Impact of Promotions On Brand Switching Under Rational Consumer Behavior
TL;DR: In this paper, a dynamic structural model of choice/incidence was developed to study the effect of promotion on consumer choice behavior and promotion response, and the results indicated that the structural model fits better and produces sensible coefficient estimates.
Journal ArticleDOI
Valuing cultivated land protection: A contingent valuation and choice experiment study in China
TL;DR: Li et al. as discussed by the authors examined the public's preferences for cultivated land protection in Wenling City of China using a dichotomous choice contingent valuation method (CVM) and a choice experiment method.
Journal ArticleDOI
A Monte Carlo Analysis of Alternative Estimators in Models Involving Selectivity
TL;DR: In this article, Monte Carlo and response-surface techniques are used to assess the performance of five estimators commonly applied to a behavioral equation conditioned on an endogenous binary selectivity decision, including least squares with an exogenous dummy variable, three two-stage estimators, and full information maximum likelihood (FIML).
Journal ArticleDOI
An integrated model for discrete and continuous decisions with application to vehicle ownership, type and usage choices
TL;DR: In this article, an integrated econometric framework for discrete and continuous choice dimensions is proposed to evaluate changes in vehicle holding and miles driven, in response to the evolution of social societies, living environment and transportation policies.
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.