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Consequences of network externalities, such as product growth and innovation diffusion, are widely studied in marketing literature. However, there is little empirical research that examines the existence of such network externalities in consumer behavior. When and how do consumers take into...
Persistent link: https://www.econbiz.de/10011072347
This paper investigates household behaviour with regard to vehicle fuel efficiency. We propose to approach the Willingness to Pay (WTP) for better fuel efficiency through the Hicksian compensating variation in income. Specifically, we distinguish the Willingness to Pay or to Accept (WTA) buying...
Persistent link: https://www.econbiz.de/10010896320
In empirical demand, industrial organization, and labor economics, prices are often unobserved or unobservable since …-consistent demand analysis remains feasible in the presence of partially observed prices, and hence partially observed implied budget …
Persistent link: https://www.econbiz.de/10011335619
This paper compares the goods and characteristics models of the consumer within a non-parametric revealed preference framework. Of primary interest is to make a comparison on the basis of predictive success that takes into account dimension reduction. This allows us to nonparametrically identify...
Persistent link: https://www.econbiz.de/10010331043
Revealed preference restrictions are increasingly used to bound demand responses and as shape restrictions in …
Persistent link: https://www.econbiz.de/10011526730
demand. The optimal tariff is a flat rate if marginal cost of production is low compared to a consumer’s degree of loss … aversion and if there is enough variation in the consumer’s demand. Moreover, if consumers differ with respect to the degree of …-Rate Tariffs ; Nonlinear Pricing ; Uncertain Demand …
Persistent link: https://www.econbiz.de/10003987825
contributed public goods. Demand properties are contrasted with those for collective models and conclusions drawn regarding the …
Persistent link: https://www.econbiz.de/10008653551
This paper compares the goods and characteristics models of the consumer within a non-parametric revealed preference framework. Of primary interest is to make a comparison on the basis of predictive success that takes into account dimension reduction. This allows us to nonparametrically identify...
Persistent link: https://www.econbiz.de/10009503391
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
Revealed preference restrictions are increasingly used to bound demand responses and as shape restrictions in …
Persistent link: https://www.econbiz.de/10011307801