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Valuing Policy Characteristics and New Products using a Simple Linear Program

Banzhaf, H. Spencer - National Bureau of Economic Research - 2024

answers to policy questions about discrete alternatives. When the Generalized Axiom of Revealed Preference (GARP) is satisfied …, the approach weakly identifies a pure characteristics model. When GARP is violated, it recasts the RUM errors as … departures from GARP (critical cost efficiency), to be minimized using a minimum-distance criterion. This perspective provides an …

Persistent link: https://www.econbiz.de/10015171628

Nonparametric Estimation of Demand with Switching Costs : the Case of Habitual Brand Loyalty

Kong, Xinyao; Dubé, Jean-Pierre H.; Daljord, Øystein - National Bureau of Economic Research - 2024

We study habitual brand loyalty, one of the earliest empirically-studied forms of switching costs and a classic source of structural state-dependence in consumer demand. Auxiliary instruments and economically-motivated restrictions can tighten nonparametric bounds on the extent of brand loyalty...

Persistent link: https://www.econbiz.de/10015072935

Bequests

Horioka, Charles - National Bureau of Economic Research - 2025

In this paper, we discuss bequests and other intergenerational transfers and what impact they have on the consumption, saving, and labor supply behavior of households. We show that bequests and other intergenerational transfers are prevalent in most countries, that they are sometimes motivated...

Persistent link: https://www.econbiz.de/10015421877

Sufficient Statistics for Measuring Forward-Looking Welfare

Baqaee, David; Burstein, Ariel T.; Koike-Mori, Yasutaka - National Bureau of Economic Research - 2024

We provide a method to measure welfare, in money-metric terms, taking into account expectations about the future. Our two key assumptions are that (1) the expenditure function is separable between the present and the future, and (2) there are some households that do not face idiosyncratic...

Persistent link: https://www.econbiz.de/10014576596

What Do People Want?

Benjamin, Daniel J.; Cooper, Kristen B; Heffetz, Ori; … - National Bureau of Economic Research - 2025

We elicited over a million stated preference choices over 126 dimensions or "aspects" of well-being from a sample of 3,358 respondents on Amazon's Mechanical Turk (MTurk). Our surveys also collected self-reported well-being (SWB) questions about respondents' current levels of the aspects of...

Persistent link: https://www.econbiz.de/10015409877

Household Saving in Japan : The Past, Present, and Future

Horioka, Charles - National Bureau of Economic Research - 2024

This paper explores the determinants of the level of, and trends over time in, Japan's household saving rate, with emphasis on the impact of the age structure of the population, and makes projections about future trends therein. The paper finds that Japan's household saving rate has not always...

Persistent link: https://www.econbiz.de/10015145132

Determinants of Health Insurance Enrollment and Health Expenditure in Ghana : An Empirical Analysis

Adjei-Mantey, Kwame; Horioka, Charles - National Bureau of Economic Research - 2022

This paper analyzes the determinants of health insurance enrollment and health expenditure in Ghana using micro data from wave 7 of the Ghana Living Standards Survey (GLSS 7) with emphasis on the role of risk preferences and the availability of health facilities in one's own community. It is...

Persistent link: https://www.econbiz.de/10013334394

The Nexus between Long-term Care Insurance, Formal Care, Informal Care, and Bequests : The Case of Japan

Horioka, Charles; Gahramanov, Emin; Tang, Xueli - National Bureau of Economic Research - 2024

The purpose of this paper is to conduct a theoretical and empirical analysis of the nexus between long-term care insurance (LTCI), formal care, informal (family) care, and bequests. In our empirical analysis, we use micro data from the Japan Household Panel Survey on Consumer Preferences and...

Persistent link: https://www.econbiz.de/10014635707

Revealed Preference Analysis of School Choice Models

Agarwal, Nikhil - 2019

Preferences for schools are important determinants of equitable access to high-quality education, effects of expanded choice on school improvement and school choice mechanism design. Standard methods for estimating consumer preferences are not applicable in education markets because students do...

Persistent link: https://www.econbiz.de/10012480512

The Evolution of Brand Preferences : Evidence from Consumer Migration

Bronnenberg, Bart J. - 2010

We study the long-run evolution of brand preferences, using new data on consumers' life histories and purchases of consumer packaged goods. Variation in where consumers have lived in the past allows us to isolate the causal effect of past experiences on current purchases, holding constant...

Persistent link: https://www.econbiz.de/10012462389