We consider the problem of pricing multiple differentiated products with the nested logit model and, as a special case, the multinomial logit model. We prove that concavity of the total profit function with respect to market share holds even when price sensitivity may vary with products. We use...

The Korean government has planned to expand a variety of waste-to-energy (WtE) facilities in order to reduce waste disposal, decrease the crude oil imports, and mitigate greenhouse gases (GHGs) emissions. One response to this concern is to measure the external benefits of WtE. To this end, this...

This research is aimed at investigating the consumer’s preference for food produced in Taiwan and the economic benefits for the country of origin labeling. The study uses both experimental auction and contingent valuation method (CVM) to investigate factors that affect the consumer’s...