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
Citations
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Decision-Making Under Uncertainty: Capturing Dynamic Brand Choice Processes in Turbulent Consumer Goods Markets
Tülin Erdem,Michael Keane +1 more
TL;DR: In this article, the authors derive from the Bayesian learning framework how brand choice probabilities depend on past usage experience and advertising exposure, and then form likelihood functions for the models and estimate them using simulated maximum likelihood.
Journal ArticleDOI
Incentive and informational properties of preference questions
TL;DR: The authors applied the standard neoclassical economic framework to generate predictions about how rational agents would answer such survey questions, which in turn implies how such survey data should be interpreted, and compared different survey formats with respect to the information that the question itself reveals to the respondent, the strategic incentives the respondent faces in answering the question, and the information revealed by the respondent's answer.
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Do Consumers Respond to Marginal or Average Price? Evidence from Nonlinear Electricity Pricing
TL;DR: In this paper, the authors exploit price variation at spatial discontinuities in electricity service areas, where households in the same city experience substantially different nonlinear pricing and find strong evidence that consumers respond to average price rather than marginal or expected marginal price.
Journal ArticleDOI
The state of the art of environmental valuation with discrete choice experiments
TL;DR: A review of the state of the art of environmental valuation with discrete choice experiments (DCEs) can be found in this article, where a survey and experimental design, econometric analysis of choice data and welfare analysis are discussed.
References
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Journal ArticleDOI
Demographic variables in demand analysis
Robert A. Pollak,Terence Wales +1 more
TL;DR: In this article, five procedures for incorporating demographic variables into theoretically plausible demand systems were discussed: translating scaling and the Gorman reverse Gorman and implicit Prais-Houthakker procedures.
Journal ArticleDOI
Estimation of some limited dependent variable models with application to housing demand
Lung-fei Lee,Robert P. Trost +1 more
TL;DR: In this paper, a switching regression model was used to study a housing expenditure model which takes into account the simultaneous determination of whether or not to own, and how much to spend.
Journal ArticleDOI
An Econometric Model of Tenure Choice and Demand for Housing as a Joint Decision
TL;DR: In this article, the authors model a household's choice of tenure and demand for housing services as a joint decision imposing the restriction that both discrete and continuous decisions are derived from a single preference ordering.
Posted Content
Applied Welfare Analysis with Qualitative Response Models
TL;DR: In this paper, W. Michael Hanenanu and A. Giannini Foundation of Agricultural Economics published a response to NDDELS, which was the first response to the NDDEL challenge.