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theory. Findings This study reveals that, in a one-shot game, if consumers have fairness preferences, dynamic prices will …
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This study investigates spatial autocorrelation in consumer preferences for diverse ecolabels, such as certified ecolabel (type I) and non-certified ecolabel (type II). Ecolabels encourage consumers to purchase environmentally friendly products by informing them of production methods, but their...
Persistent link: https://www.econbiz.de/10014230389
Purpose - The main purpose of this paper is to determine the discount function which better fits the individuals' preferences through the empirical analysis of the different functions used in the field of intertemporal choice. Design/methodology/approach - After an in-depth revision of the...
Persistent link: https://www.econbiz.de/10012822027
Background: Models of preferences in health services research (HSR) and Health Economics are often defined by readily available information, such as that captured in claims data and electronic health records. Yet many important questions about patient choices cannot be easily studied because of...
Persistent link: https://www.econbiz.de/10012297512
This study adopts a choice modelling framework to disentangle individual preferences for rural landscape attributes based on the viewing of photographs of the Irish countryside. Using ordered logit and standard panel and pooled regression models, societal preferences are quantified for rural...
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In this study we investigate consumers' preferences for fresh tomato attributes in four European countries by assessing and comparing Marginal Willingness-To-Pay (MWTP) estimates from panel Mixed Logit (MXL) models with utility specifications in the WTP-space. We performed an in-depth...
Persistent link: https://www.econbiz.de/10012488327
This paper explores the potential usefulness and possible pitfalls of using integrated choice and latent variable models (hybrid choice models) on stated choice data to inform policy. Using a series of Monte-Carlo simulations, we consider how model selection depends on the strength of...
Persistent link: https://www.econbiz.de/10012488413