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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Handbook of Econometrics: Classical Estimation Methods for LDV Models Using Simulation
TL;DR: Simulation estimation methods for limited dependent variable (LDV) models that employ Monte Carlo simulation techniques to overcome computational problems in such models make it possible to estimate LDV models that are computationally intractable using classical estimation methods.
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Water Demand Under Alternative Price Structures
Sheila M. Olmstead,W. Michael Hanemann,Robert N. Stavins,Robert N. Stavins,Robert N. Stavins +4 more
TL;DR: In this article, the authors estimate the price elasticity of water demand with household-level data, structurally modeling the piecewise-linear budget constraints imposed by increasing-block pricing, and compare conditional and unconditional elasticities analytically and empirically.
Journal ArticleDOI
Water demand under alternative price structures
TL;DR: In this paper, the authors estimate the price elasticity of water demand with household-level data, structurally modeling the piecewise-linear budget constraints imposed by increasing block pricing, and compare conditional and unconditional elasticities analytically and empirically.
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Investigating Purchase Incidence, Brand Choice and Purchase Quantity Decisions of Households
TL;DR: In this paper, the authors developed a comprehensive utility maximizing framework to study the impact of marketing variables on the category purchase, brand choice and purchase quantity decisions of households for frequently purchased packaged goods.
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Price Uncertainty and Consumer Search: A Structural Model of Consideration Set Formation
TL;DR: In this paper, the authors proposed an econometric framework that models consumer's consideration set formation as an outcome of her costly information search behavior. But their model assumes that consumers engage in a fixed-sample search strategy that results in their discovering the posted prices of a subset of the available brands, referred to as the consumer's "consideration set."
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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.
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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.