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-term health effects. We use a computer-based survey approach to elicit choices among residential locations that pose different … utility metric for valuing health status. The results were corroborated by a strong positive correlation between the risk …-risk trade-off values and relative aversion scores for the different health outcomes, as well as by the relative values of …
Persistent link: https://www.econbiz.de/10009208752
takes into account disease transmission from drug injection and sexual contacts. The health benefits of methadone … gained. Costs considered include all health-care costs (including cost of HIV care and other health care) and the cost of … methadone maintenance. The analysis shows that expanding existing methadone maintenance programs is a cost-effective health …
Persistent link: https://www.econbiz.de/10009191536
This paper explores inconsistencies that occur in utility measurement under risk when expected utility theory is assumed and the contribution that prospect theory and some other generalizations of expected utility can make to the resolution of these inconsistencies. We used five methods to...
Persistent link: https://www.econbiz.de/10009191831
and services from a large, dispersed "crowd" of nonexperts (consumers) over time. Despite its promises, little is known …, serial ideators are found to be more likely than consumers with only one idea to generate an idea the organization finds …
Persistent link: https://www.econbiz.de/10010990481
, we explore a competitive environment between high- and low-quality retailers where consumers are fully informed and risk …>This paper was accepted by J. Miguel Villas-Boas, marketing.</i> …
Persistent link: https://www.econbiz.de/10010990525
Consumers become satiated with a product when purchasing too much too quickly. How much is too much and how quickly is …. Knowing that, consumers allocate their budget to products that generate less satiation effects. Retailers should then choose … marketing lever (price) and the firm's ability to offer products that generate less satiation. In particular, we show that when …
Persistent link: https://www.econbiz.de/10010990529
attitudinal and behavioral data for a fast food chain in a large U.S. city. The results imply that consumers perceive a travel …, marketing.</i> …
Persistent link: https://www.econbiz.de/10010990540
Film studios occasionally withhold movies from critics before their release. Because the unreviewed movies tend to be below average in quality, this practice provides a useful setting in which to test models of limited strategic thinking: Do moviegoers seem to realize that no review is a sign of...
Persistent link: https://www.econbiz.de/10010990545
Consumers often need to search for product information before making purchase decisions. We consider a tractable … (continuous-time) model of gradual learning, in which consumers incur search costs to learn further product information, and … welfare, and how the seller chooses its price to strategically affect the extent of the consumers' search behavior. We show …
Persistent link: https://www.econbiz.de/10010990569
We analyze price and quality competition in a vertically differentiated duopoly in which consumers have a preference …. <i>This paper was accepted by J. Miguel Villas-Boas, marketing.</i> …
Persistent link: https://www.econbiz.de/10010990592