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Discrete/continuous models of consumer demand

W. Michael Hanemann
- 01 May 1984 - 
- Vol. 52, Iss: 3, pp 541-562
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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.

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To Price Discriminate or Not: Product Choice and the Selection Bias Problem

TL;DR: In this paper, the authors investigate a gasoline station's incentive to price-discriminate by selling full-service gasoline as well as selfservice gasoline and show how the product and pricing choices of firms depend upon the market characteristics.
Posted Content

Residential energy consumption for space heating in Norwegian households : a discrete-continuous choice approach

TL;DR: In this paper, the demand for space heating energy is estimated by using a discrete-continuous choice model which focuses on the relationship between the choice of heating equipment and energy consumption.
Journal ArticleDOI

Equilibrium pricing and advertising strategies for nondurable experience products in a dynamic duopoly

TL;DR: In this paper, the authors investigate the impact of the aggregate consumption experience on the firm's dynamic pricing and advertising strategies by developing a formal game-theoretic model of a dynamic duopoly.
Journal ArticleDOI

Dimensions of automobile demand: an overview of an Australian research project

TL;DR: In this article, the authors developed an econometric model system which jointly models the household's choice of vehicles and utilisation level over the period 1981- 1985, and provided an overview of the theoretical, methodological and empirical dimensions of the project, and where appropriate introduces some preliminary findings.
Journal ArticleDOI

Demand for value‐added pork in Sweden: a latent class model approach

TL;DR: In this paper, a choice experiment survey dataset is used to investigate heterogeneous preferences among Swedish consumers for attributes of pig production and to model the preferences, a random parameter logit model and a latent class model are estimated and compared.
References
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Journal ArticleDOI

Sample Selection Bias as a Specification Error

James J. Heckman
- 01 Jan 1979 - 
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, +1 more
- 01 Mar 1984 - 
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.
Journal ArticleDOI

Urban travel demand - a behavioral analysis

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.