Während für die Jahre 1995 bis 1998 für das Qualitäts- und Herkunftszeichen „Qualität aus Bayern“ bei Rindfleisch signifikante, positive Wohlfahrtseffekte und eine Mehrzahlungsbereitschaft beim Verbraucher ermittelt wurden, ergibt sich für die Zeit nach BSE aufgrund...

We develop a model of household demand for frequently purchased consumer goods that are branded, storable and subject to stochastic price fluctuations. Our framework accounts for how inventories and expectations of future prices affect current period purchase decisions. We estimate our model...

Identifying the set of available alternatives in a choice process after considering an individual’s bounds or thresholds is a complex process that, in practice, is commonly simplified by assuming exogenous rules in the choice set formation. The Constrained Multinomial Logit (CMNL) model...

This paper provides a critical review of the methods for estimating static discrete games and their relevance for quantitative marketing. We discuss the various modeling approaches, alternative assumptions, and relevant trade-offs involved in taking these empirical methods to data. We consider...

The business literature has long recognized the importance of multinationals’ distribution networks. The empirical analysis of distribution-oriented FDI has, however, received little attention which is at least partly due to the lack of appropriate data. We present a slightly modified version...

Preference-directed regulation (PDR) can supplement traditional environmental policies through frequent regulatory revision (Livermore, Va Environ Law J 25:311–386, <CitationRef CitationID="CR20">2007</CitationRef>). Using original survey data, PDR is operationalized via counterfactual simulations within a limited information discrete...</citationref>

The use of complementary and alternative medicine (CAM) by US consumers has grown in recent years. CAM therapies often utilize medicinal herbs as part of the treatment process; however, research on US practitioner preferences for medicinal herbs is limited, despite growing concern surrounding...

This paper proposes a discrete-choice behavioural model of labour supply to examine the role of ill-health on single parents’ employment. The model provides estimates of individual preferences over a given set of labour market states and allows these preferences to be influenced by a measure...

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...

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....