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We introduce a simple method of recovering attention costs from choice data. Our method rests on a precise analogy with production theory. Costs of attention determine consumer demand and consumer welfare just as a competitive firm's technology determines its supply curve and profits. We...
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Costs of attention, while central to choice behavior, have proven hard to measure. We introduce a simple method of recovering them from choice data. Our recovery method rests on the observation that costs of attention play precisely the same role in consumer choice as do a competitive firm's...
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This paper discusses whether differences in the data structure of observational and experimental studies should lead to different strategies for variable selection. On the one hand, it is argued that outliers in the predictor variables have to be treated differently in the two kinds of studies....
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We provide novel evidence for the size of key electric vehicle (EV) adoption barriers, purchase price and battery range … consumer segments, plus determine groups most resistant to EV adoption and the relationship with transport habits and car … favourable adoption criteria, however realises a low EV market share. We find low and inelastic elasticities of price, range and …
Persistent link: https://www.econbiz.de/10013257646