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It is well known that measures of labour market accessibility explain spatial variation in housing prices, even in markets with polycentric labour market structures. This paper examines whether data on observed commuting patterns can replace or supplement gravity-based measures representing the...
Persistent link: https://www.econbiz.de/10012253262
In this paper, we discuss discrete choice theory and show how this theory can be used to quantify learning effects in experimental studies. We argue why the ordering quantities in newsvendor experiments should follow a multinomial logit distribution. We provide a robustness analysis to explain...
Persistent link: https://www.econbiz.de/10014433841
Almost every supplier faces uncertain and time-varying demand. E-commerce and online shopping have given suppliers unprecedented access to data on customers' behavior, which sheds light on demand uncertainty. The main purpose of this research project is to provide an analytic tool for...
Persistent link: https://www.econbiz.de/10014418087