This paper studies the introduction of new products (increase in product variety) in the automobile industry. The focus is on the two sources of market power that may allow the firms to get higher profits (and, thus, recoup investments): new products and brand-name reputation. The effects of new...

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,...

This paper develops a generalized hedonic model in which an exogenous shock to a single product attribute can affect other attributes, the markets for the product's complements and substitutes, and aggregate quantity produced. These factors are shown to be empirically relevant and to cause bias...

Mittels eines überwiegend internetbasierten Discrete-Choice-Experimentes und einer nachfolgenden multinomialen Probitschätzung werden empirisch Determinanten identifiziert, die die Entscheidung für den potenziellen Anbau von gentechnisch verändertem (GV-) Raps durch 217 rapsanbauende...