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We examine small/medium commercial and industrial customers' choices among energy suppliers in conjoint-type experiments. The distribution of customers' willingness to pay is estimated for more than 40 attributes of suppliers, including sign-up bonuses, amount and type of renewables, billing...
Persistent link: https://www.econbiz.de/10004986681
We present an empirical model of households' choices among local telephone service options (for example, between flat-rate and measured service) and the interrelation of these choices with the number and average duration of local calls households make at each time of day to each geographical...
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When offered a new product whose attributes are unknown, customers can determine whether they like the product by trying it themselves or can wait to observe the experience of other customers who try the product. We specify a rational decision process and investigate the implications of learning...
Persistent link: https://www.econbiz.de/10014085565
This paper describes and implements three computationally attractive procedures for nonparametric estimation of mixing distributions in discrete choice models. The procedures are specic types of the well known EM (Expectation-Maximization) algorithm based on three dierent ways of approximating...
Persistent link: https://www.econbiz.de/10010289558
SP-off-RP questions are a recent innovation in choice modelling that solicits information from respondents in a different way than standard stated-preference (SP) experiments. In particular, the alternatives and choice of a respondent in a real-world setting are observed, and the respondent is...
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