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imposed on detected payment evaders. For a given price and fine, the consumers purchase, evade payment, or choose the outside …
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In this paper, we exploit new sources of cross-sectional data to estimate a detailed product-level demand system for new passenger vehicles. We use four data sources: on the characteristics of products, on the attributes of the U.S. population of households, on the match between the first and...
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, and whether consumers exhibit brand loyalty. In contrast to standard search models, accounting for fatigue leads to …
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