Showing 1 - 10 of 2,378
This paper describes a semiparametric Bayesian method for analyzing duration data. The proposed estimator specifies a complete functional form for duration spells, but allows flexibility by introducing an individual heterogeneity term, which follows a Dirichlet mixture distribution. I show how...
Persistent link: https://www.econbiz.de/10010276176
, we distinguish durable-specific demand and supply shocks, while taking into account monetary and credit conditions. Our …
Persistent link: https://www.econbiz.de/10012197836
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
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/10011606763
We propose a method to quantify other-regarding preferences in group decisions. Our method is based on revealed preference theory. It measures willingness-to- pay for others’ consumption and willingness-to-pay for equality in consumption by evaluating consumption externalities in monetary...
Persistent link: https://www.econbiz.de/10011801805
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/10014069605
This paper presents a meta-analysis of variations in price and income elasticities of residential water demand ….Information on the determinants of consumer demand is of pivotal importance for the efficiency and efficacy ofpublic and private … policy-making. It is also crucial for effective water demand management. We focus on theapplication of statistical methods to …
Persistent link: https://www.econbiz.de/10011398958
elasticity of demand. The modest propensity to search creates normal but income inelastic demand. The income elastic demand …
Persistent link: https://www.econbiz.de/10012062883
We propose an approach to modeling and estimating discrete choice demand that allows for a large number of zero sale … empirical application of air travel demand where product-level sales are sparse. We find considerable variation in demand over … time. Periods of peak demand feature both larger market sizes and consumers with higher willingness to pay. This amplifies …
Persistent link: https://www.econbiz.de/10013312178
consumption in response to exogenous shifts in the volume of sensitive news. Structural estimates of demand reveal that the …
Persistent link: https://www.econbiz.de/10012853636