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traditional theoretical averting-decision models but, quite surprisingly, endogeneity of perceived risk is not always controlled …
Persistent link: https://www.econbiz.de/10011086695
Internal market structure analysis infers both brand attributes and consumer preferences for those attributes from preference or choice data. The authors exploit a new method for estimating probit models from panel data to infer market structures that can be displayed in few dimensions, even...
Persistent link: https://www.econbiz.de/10011113209
In order to study the expectation formation of financial institutions in the foreign exchange market we develop and apply a recursive selection and estimation algorithm to a dataset of surveyed foreign exchange market expectations. Responses are classified into two groups and forecasting models...
Persistent link: https://www.econbiz.de/10011116863
specifications of the weighting matrix based on friend heterogeneity, providing justification for the common practice of assigning …
Persistent link: https://www.econbiz.de/10010785295
This paper extends Brock and Durlauf's (2001a, 2001b) binary choice complete network (or group interaction) model with homogeneous rational expectations to a general network model with heterogeneous rational expectations. In our model, individuals will form expectations regarding peers'...
Persistent link: https://www.econbiz.de/10011009968
. Furthermore, this “observed” heterogeneity better explains choice than does “unobserved” heterogeneity in the standard scanner … preference information confound state dependence, heterogeneity, and preference effects. Price sensitivities are inflated because … is the “real” preference-based consumer. Further, standard models overestimate the heterogeneity in price and loyalty …
Persistent link: https://www.econbiz.de/10008788207
We complete the development of a testing ground for axioms of discrete stochastic choice. Our contribution here is to develop new posterior simulation methods for Bayesian inference, suitable for a class of prior distributions introduced by McCausland and Marley (2013). These prior distributions...
Persistent link: https://www.econbiz.de/10011186236
We complete the development of a testing ground for axioms of discrete stochastic choice. Our contribution here is to develop new posterior simulation methods for Bayesian inference, suitable for a class of prior distributions introduced by McCausland and Marley (2013). These prior distributions...
Persistent link: https://www.econbiz.de/10010687592
Während für die Jahre 1995 bis 1998 für das Qualitäts- und Herkunftszeichen „Qualität aus Bayern“ bei Rindfleisch signifikante, positive Wohlfahrtseffekte und eine Mehrzahlungsbereitschaft beim Verbraucher ermittelt wurden, ergibt sich für die Zeit nach BSE aufgrund...
Persistent link: https://www.econbiz.de/10011143171
between growth and profits of young firms by explicitly considering the endogeneity and heterogeneity aspects of the … influenced by inter-firm heterogeneity. Implications from these findings are discussed. Copyright Springer Science+Business Media …
Persistent link: https://www.econbiz.de/10011154824