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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Household Electricity Demand, Revisited
Peter C. Reiss,Matthew W. White +1 more
TL;DR: In this paper, the authors developed a model for evaluating the effects of alternative tariff designs on electricity use, and then estimated the aggregate and distributional consequences of recent tariff structure changes.
Journal ArticleDOI
The Decomposition of Promotional Response: An Empirical Generalization
TL;DR: In this article, the authors investigated the effect of price promotions on the primary and secondary demand elasticity of 173 brands across 13 different product categories and found that 25% of the total price elasticity is due to primary demand expansion and 75% to secondary demand effects or brand switching.
Journal ArticleDOI
Contingent Valuation versus Choice Experiments : Estimating the Benefits of Environmentally Sensitive Areas in Scotland
Nick Hanley,Douglas C. MacMillan,Robert E. Wright,Craig Bullock,Ian A. Simpson,Dave Parsisson,Bob Crabtree +6 more
TL;DR: In this paper, the authors compared two direct valuation methods, namely contingent valuation and choice experiments, to value the conservation benefits of Environmentally Sensitive Areas (ESAs) in Scotland.
Journal ArticleDOI
The multiple discrete-continuous extreme value (MDCEV) model : Role of utility function parameters, identification considerations, and model extensions
TL;DR: In this paper, a simple and parsimonious multiple discrete-continuous extreme value (MDCEV) econometric approach to handle such multiple discreteness was formulated by Bhat et al.
Journal ArticleDOI
Modeling Consumer Demand for Variety
TL;DR: In this article, a demand model based on a translated additive utility structure was proposed for data exhibiting the simultaneous choice of more than one variety of a product on a given shopping trip, where the unobservable portion of marginal utility follows a log-normal distribution.
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.