Using Japanese household survey data from 2007 to 2010, we examine how household age, income, financial assets, and education affect the tendency to participate in the stock market. Our analysis suggests that the probability of stock market participation correlates weakly with age, holding...

Using a unique micro-dataset containing real and financial information on Canadian households for 2000–07, the authors address two questions: (1) What is the proportion of households whose consumption displays excess sensitivity to income, and who are likely liquidity constrained? (2) Do house...

El objetivo de este trabajo es analizar si las familias son consistentes en su comportamiento de elección de marca, independientemente de la categoría de producto que adquieren. En concreto analizamos si la lealtad a una marca no depende de la categoría, si el hecho de que una familia muestre...

We estimate a mixed logit demand model for the Japanese digital content market and measure willingness to pay for service attributes. We find that the willingness to pay for an extra unit of service quality ranges from 62 Yen to 83 Yen per month. Meanwhile, the switching cost, a measure of...

This paper investigates the determinants of the frequency and the probability of sports participation in Spain by applying the Zero-Inflated Ordered Probit (ZIOP) model. The ZIOP model allows to account for excessive zero observations and differentiate between genuine ‘non-participants’ and...

Using a discrete choice experiment, this paper estimates the willingness to pay for biofortified orange maize in rural Zambia. The study design has five treatment arms, which enable an analysis of the impact of nutrition information, comparing the use of simulated radio versus community leaders...

When commodity prices rise, wholesalers and retailers of products derived from basic commodities respond by passing along at least a portion of the price increase to consumers. In this paper we examine whether firms respond differently to positive commodity price shocks than to negative...

Renewable energy sources have a critical role to play in contributing to the diversity, sustainability and security of energy supplies. The main objective of the paper is to gain an understanding of the support mechanism of renewable energy sources most preferred by households in the United...

Consumers constantly make decisions about the goods and services they purchase, and in most cases they do this with incomplete information. Many products that are available in stores, in catalogues, or over the internet are not accompanied by a full list of attributes or technical...