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We propose an approach to modeling and estimating discrete choice demand that allows for a large number of zero sale observations, rich unobserved heterogeneity, and endogenous prices. We do so by modeling small market sizes through Poisson arrivals. Each of these arriving consumers then solves...
Persistent link: https://www.econbiz.de/10012794558
This paper reports estimates of consumers' preferences for plans to improve food safety. The plans are distinguished based on whether they address the ex ante risk of food borne illness or the ex post effects of the illness. They are also distinguished based on whether they focus on a public...
Persistent link: https://www.econbiz.de/10012464359
We measure provider coverage networks for plans on the Massachusetts health insurance exchange using a two measures …
Persistent link: https://www.econbiz.de/10012457854
A vibrant literature has emerged that suggests willingness to pay and willingness to accept measures of value are quite different for inexperienced consumers but that value differences erode with market experience. One potential shortcoming of this literature is that market experience is...
Persistent link: https://www.econbiz.de/10012461749
We compare the behavior and welfare effects of two popular interventions for resource conservation. The first intervention is social comparison reports (SC), which primarily provide consumers with information motivating behavioral change. The second intervention is real-time feedback (RTF),...
Persistent link: https://www.econbiz.de/10014436976
For some kinds of goods, rarity itself is valued. "Fashionable'" goods are demanded in part because they are unique. In this paper, we explore the economics of rare goods using auctions of limited-edition shoes held by an e-commerce platform. We model endogenous entry and bidding in multi-unit...
Persistent link: https://www.econbiz.de/10013362005
Persistent link: https://www.econbiz.de/10012800481
Opioid use is one of the most substantial and long-lasting public health crises faced by the United States. This crisis … opioids and health and healthcare, and crime outcomes in the U.S. We focus on the U.S., a country particularly hard hit by the …Our findings align with the general perception that the opioid crisis has negatively impacted a range of health …
Persistent link: https://www.econbiz.de/10013191077
We conduct a randomized field experiment to quantify biases that affect consumers of addictive goods: present-biased preferences, naïve beliefs regarding present bias, and projection-biased beliefs over future abstinence. These biases reflect departures from the neoclassical benchmark needed to...
Persistent link: https://www.econbiz.de/10012480466
In many health domains, we are concerned that observed links - for example, between "healthy" behaviors and good … vary over time. When a particular health behavior becomes more recommended, the take-up of the behavior may be larger among … people with other positive health behaviors. Such changes in selection would make it even more difficult to learn about …
Persistent link: https://www.econbiz.de/10012480876