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We propose the Inverse Product Differentiation Logit (IPDL) model, a structural (inverse) demand model for differentiated products that captures market segmentation along several possibly overlapping dimensions. It generalizes the nested logit model to allow richer substitution patterns,...
Persistent link: https://www.econbiz.de/10012852677
Transportation networks, such as railways, roads and highways provide standard examples of natural monopolies. Since the introduction of the term “natural monopoly” by T. Malthus in 1815, this concept has been defined in different ways by several authors (F. Bastiat, J. S. Mill or L....
Persistent link: https://www.econbiz.de/10013312907
Full paper available at "https://ssrn.com/abstract=3141041" https://ssrn.com/abstract=3141041We first present simulations investigating some properties of the Inverse Product Differentiation Logit (IPDL) model. Next, we provide a range of general methods for building Generalized Logit (GL)...
Persistent link: https://www.econbiz.de/10012848619
In this paper we examine empirically the market for local amenities in the Paris metropolitan region. We find first that there is considerable inequality in the spatial distribution of these local amenities, including accessibility, environmental and social indicators. We use a spatial...
Persistent link: https://www.econbiz.de/10010902429
There is a growing interest in the development and the use of large-scale planning models. In this paper, we describe the first step of a project to integrate UrbanSim, a dynamic microsimulation land use model, and METROPOLIS, a dynamic traffic model. This is the first attempt, to our knowledge,...
Persistent link: https://www.econbiz.de/10010539032
Persistent link: https://www.econbiz.de/10005124592
This paper reports results of an experiment designed to analyze the link between riskydecisions made by couples and risky decisions made separately by each spouse. We estimateboth the spouses and the couples’ degrees of risk aversion and we assess how the risk preferencesof the two spouses...
Persistent link: https://www.econbiz.de/10005866693
Persistent link: https://www.econbiz.de/10003405409
Persistent link: https://www.econbiz.de/10008903796
This paper reports results of an experiment designed to analyze the link between risky decisions made by couples, and risky decisions made separately by each spouse. We estimate both the individuals and the couples’ degrees of risk aversion, and we analyze how the risk preferences of the two...
Persistent link: https://www.econbiz.de/10005328253