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Preference Under Risk: An Application of Nonexpected Utility Theories
Loehman, Edna T. - 1992
risk aversion and models of the utility function. One particular theory (expected utility with rank dependent probabilities …
Persistent link: https://www.econbiz.de/10009468391
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Ein integriertes Verkehrsnachfrage- und Bewertungsmodell
Winkler, Christian - 2012
Verkehrsnachfragemodellierung und der Nutzen-Kosten-Analyse ermöglicht wird. Notwendig ist die Modellentwicklung und die damit verbundene … Zusammenführung, da die derzeit praktizierte methodische Trennung zum einen nicht theoriekonform mit der Nutzen-Kosten-Analyse ist … zu bewertender Verkehrsinvestition), andererseits wird die Änderung der Konsumentenrente der Verkehrsteilnehmer …
Persistent link: https://www.econbiz.de/10009480970
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Internet Exchanges for Used Books: An Empirical Analysis of ProductCannibalization and Welfare Impact
Ghose, Anindya; Smith, Michael; Telang, Rahul - 2008
Information systems and the Internet have facilitated the creation ofused-product markets that feature a dramatically wider selection, lowersearch costs, and lower prices than their brick-and-mortar counterpartsdo. The increased viability of these used-product markets has causedconcern among...
Persistent link: https://www.econbiz.de/10009435039
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Gaining Trust Through Online Privacy Protection: Self-Regulation, Mandatory Standards, or Caveat Emptor
Tang, Zhulei; Hu, Yu Jeffrey; Smith, Michael D. - 2007
Trust is particularly important in online markets to facilitate the transfer of sensitive consumer information to online retailers. In electronic markets, various proposals have been made to facilitate these information transfers. We develop analytic models of hidden information to analyze the...
Persistent link: https://www.econbiz.de/10009441082
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Internet Exchanges for Used Books: An Empirical Analysis of Product Cannibalization and Welfare Impact
Ghose, Anindya; Smith, Michael D.; Telang, Rahul - 2005
Information systems and the Internet have facilitated the creation of used product markets that feature a dramatically wider selection, lower search costs, and lower prices than their brick-andmortar counterparts do. The increased viability of these used product markets has caused concern among...
Persistent link: https://www.econbiz.de/10009441245
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MODELING INTERNATIONAL TRADE IMPACTS OF GENETICALLY MODIFIED WHEAT INTRODUCTIONS
DeVuyst, Eric A.; Koo, Won W.; DeVuyst, Cheryl Sinn; … - 2001
Planned introductions of genetically modified crop varieties can be troublesome to model. Estimation of demand and supply equations is not feasible due to lack of data. Further, specifying demand and supply equations requires calibration to a presumed equilibrium. Depending on the point chosen,...
Persistent link: https://www.econbiz.de/10009443989
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A Quality-Adjusted Cost Index for Estimating Future Consumer Surplus from Innovation
Austin, David H.; MacAuley, Molly K. - 1998
This paper describes a model for estimating, in a probabilistic framework, expected future consumer surplus from planned new product innovations. The model has been applied to estimations of taxpayer benefits from NASA's New Millenium Program (NMP), which develops new technologies for space...
Persistent link: https://www.econbiz.de/10009445478
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AN EMPIRICAL ESTIMATION OF THE IMPORT DEMAND MODEL AND WELFARE EFFECTS: THE CASE OF RICE IMPORTING COUNTRIES
Kang, Hyunsoo; Kennedy, P. Lynn; Hilbun, Brian M. - 2008
This analysis presents the determination of an import demand function for the world rice market using annual data from 1994 to 2007. In the specification and analysis of a world rice market import demand function, Ordinary Least Square (OLS), Instrumental Variables (IV) with Generalized Method...
Persistent link: https://www.econbiz.de/10009445793
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Estimating consumer surplus and elasticity of demand of tourist visitation to a region in North Queensland using contingent valuation
Greiner, Romy; Rolfe, John - 2003
The Daintree Rainforest is a prime attraction for Tropical North Queensland as a touristdestination. Visitation of the rainforest, specifically the Cape Tribulation section, hasincreased rapidly as impediments to self-drive access have been removed. This paperexamines the potential for the local...
Persistent link: https://www.econbiz.de/10009445938
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Teaching Hausman and Willig Using Mathematica
Bogard, Matt - 2007
Analyzing consumer welfare from observable data, or empirical demand functions has been a very controversial issue in economics. One metric often used is deadweight loss from a tax or price increase. A classic debate in economic history regarding the appropriate methodology for measuring...
Persistent link: https://www.econbiz.de/10009466966