This study determined the factors (related to fixed and variable transaction costs) influencing the decision to participate in sweet potato markets by a random sample of 320 small holder farmers in south eastern Nigeria. Data were collected with structured and validated questionnaire, and...

The study uses Transaction Costs Economics Theory and Supply Chain Management frameworks to investigate determinants of coordination and supply chain performance in the Kenyan milk supply chains. The transactions investigated are between milk producers and buyer customers, between milk retailers...

En este estudio analizamos el impacto de las restricciones al crédito en la inversión, los inventarios y el crecimiento empresarial con una muestra grande de pequeñas y medianas empresas de 12 economías europeas durante el período 2014-2016. Los datos provienen de la Encuesta sobre el...

I develop and structurally estimate an equilibrium model of the college market. Students, who are heterogeneous in both abilities and preferences, make college application decisions, subject to uncertainty and application costs. Colleges observe only noisy measures of student ability and set up...

In models with unobserved taste heterogeneity, distributional assumptions can be placed in two ways: (1) by specifying the distribution of coefficients in the utility function and deriving the distribution of willingness to pay (wtp), or (2) by specifying the distribution of wtp and deriving the...

For over the last thirty years the multinomial logit model has been the standard in choice modeling. Development in econometrics and computational algorithms has led to the increasing tendency to opt for more flexible models able to depict more realistically choice behavior. This study compares...

Non-market valuation techniques are vital instruments of policy. Providing quantitative welfare estimates validates public policy decisions. This research independently addresses three aspects of nonmarket valuation. Hedonic valuation of industrial accidents, limitations in recreational demand...

¿Están las decisiones de portada de los periódicos basadas en las posibles complementariedades entre las noticias? Este trabajo estudia la elección de noticias de portada hecha por los editores de los mayores periódicos impresos de Estados Unidos. Se documenta que las portadas están...

Discrete choice models are widely used in studies of recreation demand. They have proven valuable when modeling situations where decision makers face large choice sets and site substitution is important. However, when the choice set faced by the individual becomes very large (on the order of...

This article extends the Berry, Levinsohn, Pakes (1995) model to include retail services by Boston supermarkets in an equilibrium model of breakfast cereals and then tests alternative vertical pricing games between manufacturers and supermarkets to ascertain who’s got the pricing power....