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Measuring strategic firm interaction in product-quality choices: The case of airline flight frequency
Brueckner, Jan K.; Luo, Dan - 2013
This paper investigates strategic interaction among airlines in product-quality choices. Using an instrumental … variables approach, the paper estimates flight-frequency reaction functions, which relate an airline's frequency on a route to … its own characteristics and to the frequencies of competing airlines. A positive reaction function slope is found in some …
Persistent link: https://www.econbiz.de/10010291565
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Simulating WTP values from random-coefficient models
Rischatsch, Maurus - 2009
Discrete Choice Experiments (DCEs) designed to estimate willingness-to-pay (WTP) values are very popular in health economics. With increased computation power and advanced simulation techniques, random-coefficient models have gained an increasing importance in applied work as they allow for...
Persistent link: https://www.econbiz.de/10010315509
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Biases in Willingness-To-Pay Measures from Multinomial Logit Estimates due to Unobserved Heterogeneity
van den Berg, Vincent; Kroes, Eric; Verhoef, Erik T. - 2010
It is a common finding in empirical discrete choice studies that the estimated mean relative values of the coefficients (i.e. WTP's) from multinomial logit (MNL) estimations differ from those calculated using mixed logit estimations, where the mixed logit has the better statistical fit. However,...
Persistent link: https://www.econbiz.de/10010325745
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Premium price for natural preservatives in wine: A discrete choice experiment
Chikumbi, Lydia; Ščasný, Milan; Muchapondwa, Edwin; … - In: Wine Economics and Policy 10 (2021) 1, pp. 101-118
The South African wine industry has recently launched the world's first 'no sulphite added' wine made from indigenous Rooibos & Honeybush toasted wood chips. This wood chip contains antioxidant properties known to protect wine from oxidation. On the other hand, SO2 as a preservative, is often...
Persistent link: https://www.econbiz.de/10014485170
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Empirical models of consumer behavior
Nevo, Aviv - 2010
Models of consumer behavior play a key role in modern empirical Industrial Organization. In this paper, I survey some of the models used in this literature. In particular, I discuss two commonly used demand systems: multi-stage budgeting approaches and discrete choice models. I motivate their...
Persistent link: https://www.econbiz.de/10010332107
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A discrete-choice model approach to optimal congestion charge
Strøm, Steinar; Vislie, Jon - 2008
We model the choice of transportation mode in a simplified Hotelling-like city, with a fixed number of total travellers, fixed road capacity and with no trade-off between when to travel and the time spent in a queue. A person that chooses to take her own car will inflict a congestion cost on all...
Persistent link: https://www.econbiz.de/10010285587
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Consumer resistance against regulation: The case of health care
Zweifel, Peter; Telser, Harry; Vaterlaus, Stephan - 2005
Regulation fostering Managed Care alternatives in health insurance is spreading. This work reports on an experiment designed to measure the amounts of compensation asked by the Swiss population (in terms of reduced premiums) for Managed-Care type restrictions in the provision of health care. It...
Persistent link: https://www.econbiz.de/10010315556
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The Economics of Warm Glow: A Note on Consumer's Behavior and Public Policy Implications
Nunes, Paulo A.L.D.; Onofri, Laura - 2004
The paper focuses on the ongoing debate on non-market valuation, including the valuation environmental goods, and the opportunity to use contingent valuation for policy guidance. In fact, contingent valuation critics argue that reported willingness to pay answers do not reflect real economic...
Persistent link: https://www.econbiz.de/10011324992
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Advertising as a distortion of social learning
Brekke, Kjell Arne; Rege, Mari - 2006
By combining a theory of herding behavior with the phenomenon of availability heuristic, this paper shows that non-informative advertisements can affect people’s choices by influencing their perception of product quality. We present a model in which people can learn about product quality by...
Persistent link: https://www.econbiz.de/10010284386
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What determines the location choice of multinational firms in the ICT sector?
Siedschlag, Iulia; Zhang, Xiaoheng; Smith, Donal - 2009
We analyse the location decisions of 8,468 foreign affiliates in the Information and Communication Technologies (ICT) sector established in 224 regions in the European Union over the period 1998-2008. Our results suggest that on average, the location probability of foreign affiliates in ICT...
Persistent link: https://www.econbiz.de/10010277550