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Visualization of competitive market structure by means of choice data
Kunz, Werner - 2007
This paper presents a method for visualizing competitive market structures based on scanner panel date where asymmetries are taken into account. For this, I combined consumer choice models based on mixed logit models with three-mode principal component analysis. This approach can be used to...
Persistent link: https://www.econbiz.de/10010263688
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Semiparametric multinomial logit models for analysing consumer choice behaviour
Kneib, Thomas; Baumgartner, Bernhard; Steiner, Winfried J. - 2006
allows to relate an unordered categorical response variable, for example representing the choice of a brand, to a vector of … covariates such as the price of the brand or variables characterising the consumer. In its classical form, all covariates enter … rules and compare parametric and semiparametric approaches for a number of brand choice data sets. …
Persistent link: https://www.econbiz.de/10010266196
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Alternative Approaches to Discrete Working Time Choice in an AGE Framework
Arntz, Melanie; Boeters, Stefan; Gürtzgen, Nicole - 2005
We compare two options of integrating discrete working time choice of heterogenous households into a general equilibrium model. The first, known from the literature, produces household heterogeneity through a working time preference parameter. We contrast this with a model that directly...
Persistent link: https://www.econbiz.de/10010297474
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A salience theory of choice errors
Manzini, Paola; Mariotti, Marco - 2010
We study a psychologically based foundation for choice errors. The decision maker applies a preference ranking after forming a 'consideration set' prior to choosing an alternative. Membership of the consideration set is determined both by the alternative specific salience and by the rationality...
Persistent link: https://www.econbiz.de/10010269842
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Stochastic choice and consideration sets
Manzini, Paola; Mariotti, Marco - 2012
We model a boundedly rational agent who suffers from limited attention. The agent considers each feasible alternative with a given (unobservable) probability, the attention parameter, and then chooses the alternative that maximises a preference relation within the set of considered alternatives....
Persistent link: https://www.econbiz.de/10010289884
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Standard and Shuffled Halton Sequences in a Mixed Logit Model
Staus, Alexander - 2008
Modeling consumer choice in different areas has lead to an increase use of discrete choice models. Probit or Multinomial Logit Models are often the base of further empirical research of consumer choice. In some of these models the equations to solve have no closed-form expression. They include...
Persistent link: https://www.econbiz.de/10011375025
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A Market Basket Analysis Based on the Multivariate MNL Model
Boztuğ, Yasemin; Hildebrandt, Lutz - 2003
-category dependence of brand choice behavior. It is hypothesized, that the global utility function related to a product bundle is the …
Persistent link: https://www.econbiz.de/10010296457
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A Joint Framework for Category Purchase and Consumption Behavior
van Oest, Rutger; Paap, Richard; Franses, Philip Hans - 2002
We propose a consistent utility-based framework to jointly explain a household's decisions on purchase incidence, brand … in the product category and brand switching, but the effect through larger purchase quantities is limited. …
Persistent link: https://www.econbiz.de/10010324989
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Context effects as customer reaction on delisting of brands
Wiebach, Nicole; Hildebrandt, Lutz - 2010
are presented which investigate customers' switching behavior if a (sub-)brand is unavailable and key determinants of the … resulting behavior are discussed. Various conditions are tested by taking into account context theory. The results reveal that …
Persistent link: https://www.econbiz.de/10010281548
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Para Krizleri Öngörüsünde Logit Model ve Sinyal Yaklaşımının Değeri: Türkiye Tecrübesi
Kaya, Vedat; Yilmaz, Omer - 2007
Logit model and the signal approach are two analysis methods being commonly used to forecast and explain currency crises. Logit model is successful to determine explaining variables of crisis and to calculate the probability of crisis in particular during the period experienced with a crisis. On...
Persistent link: https://www.econbiz.de/10010320570