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Although complex pricing schedules are increasingly common in utility billing, it is difficult to determine whether consumers respond to complicated marginal prices because price changes are often confounded with simultaneous demand shocks or non-price policies. To overcome this challenge, we...
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Although complex pricing schedules are increasingly common among water and electricity providers, it is difficult to determine whether consumers respond to changes in the pricing schedule because price changes are often confounded with simultaneous demand shocks or non-price policies. To...
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This paper presents several models of the demand for quality differentiated goods in which the consumer decides which brand of product to select as well as how many units to buy. The models cover a variety of preference structures and can readily be estimated using standard techniques for...
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