durable goods. We show that consumers' utility and discount functions in a dynamic discrete choice model are jointly … illustrate the approach using two surveys eliciting Blu-ray player adoption decisions. Both model-free evidence and the estimates … based on a dynamic discrete choice model indicate that consumers make forward-looking adoption decisions. In both surveys …

We present a model of market competition and product differentiation in which consumers' attention is drawn to the … the context of financial innovation, the model generates the well documented phenomenon of "reaching for yield". …

behavior and consumer characteristics to investigate how the Internet affects negotiated prices. We show that the Internet …

We present a model of coarse thinking, in which individuals group situations into categories, and transfer the … informational content of a given message from situations in a category where it is useful to those where it is not. The model … informative messages can be dropped by the persuader without the audience assuming the worst. The model sheds light on product …

In a search model, prospects encounter salespeople who can try to persuade them. Persuasive messages can increase the …

to similar consumer behavior must be ruled out. We develop a flexible model of heterogeneity which can be given a semi …

typically require a joint model for all variables, MORE requires no modeling of nonconfidential variables, and thus further …

mechanisms underlying herding behavior in financial markets. …