Showing 1 - 10 of 28
The article highlights the main attributes of an economic approach of needs and preferences, with detailed focus on the … correlation between meta-needs and personality, by correlating the principle of hierarchy established by Maslow with the balance …
Persistent link: https://www.econbiz.de/10011316231
W e develop a structural demand model that endogenously captures the effect of out-of-stocks on customer choice by simulating a time-varying set of available alternatives. Our estimation method uses store-level data on sales and partial information on product availability. Our model allows for...
Persistent link: https://www.econbiz.de/10009475399
The preferences and financial incentives based on utility aspect of graduates of master economics studies by choosing a … object of the research was the preferences and financial stimulants of graduates of master economic studies of Mykolas … main goal of the research was to investigate the preferences and financial stimulants of graduates of master economics …
Persistent link: https://www.econbiz.de/10009478419
This paper presents a personal view of the interaction between the analysis of choice under uncertainty and the analysis of production under uncertainty. Interest in the foundations of the theory of choice under uncertainty was stimulated by applications of expected utility theory such as the...
Persistent link: https://www.econbiz.de/10009447884
distance and benefit functions to characterize preferences relative to a given state-contingent vector of outcomes. The … distance and benefit functions are used to derive absolute and relative risk premiums and to characterize preferences … Schur-concavity is presented. If preferences are generalized Schur concave, the absolute and relative risk premiums are …
Persistent link: https://www.econbiz.de/10009448030
division of knowledge, which we here extend to the consumer side of the economy. We distinguish between high-level preferences … and low-level preferences as nested systems of rules used to solve particular choice problems. We argue that agents, while … sovereign in high-level preferences, may often find it expedient to acquire, in a pseudo-market, the low-level preferences in …
Persistent link: https://www.econbiz.de/10009448633
This study undertakes an empirical investigation of the macroeconomic and sectoral impacts of two forms of regional trade agreements vis-à-vis global trade liberalisation on a small island country, using Fiji as a case study. In order to capture the feedback effects of such a complex set of...
Persistent link: https://www.econbiz.de/10009448695
preferences beyond the classical concept of expected utility theory. The thesis contains four main chapters.The first two chapters … subpopulations are best described by different models.Chapter 1 analyzes how higher-order risk preferences, such as prudence and … results are derived, which show that the pattern of higher-order risk preferences differs fundamentally in models of reference …
Persistent link: https://www.econbiz.de/10009482308
The forces that influence a consumer in brand choice: preferences, experiences, and marketing mix have been of great … unique dataset that contains stated preferences (survey) and actual purchase data (scanner panel) for the same group of … the order of the brand choice process and its parameters as well as in their preferences and responsiveness to marketing …
Persistent link: https://www.econbiz.de/10009482969
Engineering and Applied Sciences
Persistent link: https://www.econbiz.de/10009431901