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Hedonic methods for baskets of goods
Griffith, Rachel; Nesheim, Lars - In: Economics Letters 120 (2013) 2, pp. 284-287
Existing hedonic methods cannot be easily adapted to estimate willingness to pay for product characteristics when willingness to pay depends on a very large basket of goods. We show how to marry these methods with revealed preference arguments to estimate bounds on willingness to pay using data...
Persistent link: https://www.econbiz.de/10010678829
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Household Willingness to Pay for Organic Products
Griffith, Rachel; Nesheim, Lars - C.E.P.R. Discussion Papers - 2008
baskets of organic products and how this varies across households. We use rich scanner data on food purchases by a large … organic products. These bounds provide information about willingness to pay for organic without imposing restrictive … example by stores to provide robust upper bounds on the revenue implication of introducing a new line of organic products. …
Persistent link: https://www.econbiz.de/10005662137
Cover Image
Hedonic methods for baskets of goods
Griffith, Rachel; Nesheim, Lars - In: Economics letters 120 (2013) 2, pp. 284-287
Persistent link: https://www.econbiz.de/10010128275