The taste for variety: A hedonic analysis
This paper derives a hedonic price function for a household's consumption bundle. In a panel-data analysis for households' expenditures on 182 different soft drinks we find that consumers have a preference for variety in food consumption, ceteris paribus.
Year of publication: |
2008
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Authors: | Drescher, Larissa ; Thiele, Silke ; Weiss, Christoph R. |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 101.2008, 1, p. 66-68
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Publisher: |
Elsevier |
Keywords: | Taste for variety Hedonic analysis Consumption |
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