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Accounting for Price Endogeneity in Airline Itinerary Choice Models : An Application to Continental U.S. Markets
Lurkin, Virginie - 2016
Network planning models, which forecast the profitability of airline schedules, support many critical decisions, including equipment purchase decisions. Network planning models include an itinerary choice model that is used to allocate air total demand in a city pair to different itineraries....
Persistent link: https://www.econbiz.de/10012981108
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Multivariate Fractional Regression Estimation of Econometric Share Models
Mullahy, John - 2010
econometric strategies for share model estimation. The paper then goes on to discuss the univariate fractional regression … estimation strategies proposed by Papke and Wooldridge and to extend the fractional regression approach to estimation of and …/ disaggregation are considered, as is a full likelihood estimation approach based on Dirichlet-multinomial models. The paper …
Persistent link: https://www.econbiz.de/10013138354
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Misconduct in Credence Good Markets
Brown, Jennifer - 2012
We examine misconduct in credence good markets with price taking experts. We propose a market-level model in which price-taking experts extract surplus based on the value of their firm's brand and their own skill. We test the predictions of the model using sales complaint data for exclusive and...
Persistent link: https://www.econbiz.de/10013096847
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A Dynamic Model of Subprime Mortgage Default : Estimation and Policy Implications
Bajari, Patrick - 2013
The increase in defaults in the subprime mortgage market is widely held to be one of the causes behind the recent financial turmoil. Key issues of policy concern include quantifying the role of various factors, such as home price declines and loosened underwriting standards, in the recent...
Persistent link: https://www.econbiz.de/10013085919
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The Effect of Patient Cost Sharing on Utilization, Health, and Risk Protection
Shigeoka, Hitoshi - 2013
This paper exploits a sharp reduction in patient cost sharing at age 70 in Japan, using a regression discontinuity design to examine its effect on utilization, health, and financial risk arising from out-of-pocket expenditures. Due to the national policy, cost sharing is 60-80 percent lower at...
Persistent link: https://www.econbiz.de/10013071761
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The Retirement-Consumption Puzzle : New Evidence from Personal Finances
Olafsson, Arna - 2020
This paper uses a detailed panel of individual spending, income, account balances, and credit limits from a personal finance management software provider to investigate how expenditures, liquid savings, and consumer debt change around retirement. The longitudinal nature of our data allows us to...
Persistent link: https://www.econbiz.de/10012840010
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International Evidence on Sticky Consumption Growth
Carroll, Christopher D. - 2008
We estimate the degree of amp;apos;stickinessamp;apos; in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a...
Persistent link: https://www.econbiz.de/10012772369
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The Retirement-Consumption Puzzle : New Evidence from Personal Finances
Olafsson, Arna - 2019
This paper uses a detailed panel of individual spending, income, account balances, and credit limits from a personal finance management software provider to investigate how expenditures, liquid savings, and consumer debt change around retirement. The longitudinal nature of our data allows us to...
Persistent link: https://www.econbiz.de/10012899756
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Improving the Quality of Choices in Health Insurance Markets
Abaluck, Jason - 2016
Insurance product choice is a central feature of health insurance markets in the United States, yet there is ongoing concern over whether consumers choose appropriately in such markets – and little evidence on solutions to any choice inconsistencies. This paper addresses these omissions from...
Persistent link: https://www.econbiz.de/10012977629
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Estimating Biases in Smoking Cessation : Evidence from a Field Experiment
Chaloupka, Frank J. - 2019
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/10012858046