This paper develops a model of demand estimation in which consumers learn about their true preferences through consumption experiences. We develop a theoretical model of Bayesian updating, perform comparative statics over the model, and show how the theoretical model can be consistently...

We present a new Bayesian econometric speci…cation for a hypothetical Discrete Choice Experiment (DCE) incorporating respondent ranking information about attribute impor- tance. Our results indicate that a DCE debrie…ng question that asks respondents to rank the importance of attributes helps...

To examine key factors influencing global research spillovers, this study compares direct and spillover impacts of groundnut (GN) and pigeonpea (PP) research to be used for resource allocation. The estimation of global research benefits from breeding research uses an economic surplus based...