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Persistent link: https://www.econbiz.de/10005379427
In this article, we consider a class of discrete choice models in which consumers care about a finite set of product characteristics. These models have been used extensively in the theoretical literature on product differentiation and the goal of this article is to translate them into a form...
Persistent link: https://www.econbiz.de/10005400790
Empirical work on choice models, especially on relatively new topics or data sets, often starts with descriptive, or what is colloquially referred to as “reduced form,” results. Our descriptive form formalizes this process. It is derived from the underlying behavioral model, has an...
Persistent link: https://www.econbiz.de/10011085385