Existing hedonic methods cannot be easily adapted to estimate willingness to pay for product characteristics when willingness to pay depends on a very large basket of goods. We show how to marry these methods with revealed preference arguments to estimate bounds on willingness to pay using data...

This paper empirically analyses the impact of the bundling of four common home communication services with a single supplier on the probability that an individual changes supplier using a survey-elicited dataset of 2,871 individuals. Implementing a random effects probit approach to control for...

This paper uses a cost-of-time framework to link two seamingly unrelated trends. First, greater aggregate income inequality has been accompanied by greater geographic income specialization. Second, compensation costs (relative to sales) of suburban retail stores have risen, compared to city...

Performing Arts demand has a special characterisation due to some specific features, as the attendees displacement to a proper location and the allocation of time to a performance appreciation. Otherwise, besides the ticket price, other costs are associated to the Performing Arts consumption, as...

We develop a structural model of retail store choices for which household shopping plans and price beliefs are endogenously determined. In our model individual households make their store choices based on their expected basket costs, which are determined by their shopping plans and price...

A feature of electronic communication markets is that a consumer's decision to join or use a communications network can generate two effects on other users of the network: a network externality and a call externality. The former effect is defined as the benefit that users receive when a new...

The off-net/on-net price differential in mobile voice observed in many countries is much larger than what can be explained away by standard economic theory. This situation has generated important anticompetitive concerns, leading some authorities to contemplate (and even impose) a ban on such...

The use of the WWW as a venue for voicing opinions, complaints and recommendations on products and firms has been widely reported in the popular media. However little is known how consumers use these reviews and if they subsequently have any influence on evaluations and purchase intentions of...

In this study we report findings about financial literacy and financial planning behavior based on a financial advisory program in India. We evaluate survey responses to three standard questions previously used to measure financial literacy. We then break down the data across particular...