Showing 1 - 10 of 15
We present an econometric technique for modeling endogenous selectivity in households quantity outcomes as observed in scanner panel data. Simultaneous models of incidence, brand choice and quantity, that treat quantity outcomes as count data, ignore such self-selectivity considerations in...
Persistent link: https://www.econbiz.de/10011016346
The US construction industry has witnessed a drop in real wages since 1970. The decline in real wages may be attributed to a combination of socio-economic factors like migrant labourers, fringe benefits, safety procedures, union membership and worker skills. Another factor that may be impacting...
Persistent link: https://www.econbiz.de/10005482613
Recently, safety incentive programs have been under scrutiny by the US Occupational Safety and Health Administration for their effectiveness to improve construction safety performance. Most of the previous research on construction safety incentives focused on anecdotal evidence examining the...
Persistent link: https://www.econbiz.de/10005445677
Purchase incidence models estimated on household scanner panel data typically assume the household's decision interval to be one week. However, it is well known in the econometrics literature that discrete-time models are highly sensitive to the assumed time interval of decision-making. In this...
Persistent link: https://www.econbiz.de/10005579763
We investigate price competition between firms in markets characterized by consumer variety seeking. While previous research has addressed the effect of consumer inertia on prices, there exists no research on the effects of variety seeking on price competition. Our study fills this gap in the...
Persistent link: https://www.econbiz.de/10008787667
This paper proposes the (ARM), first used by Aalen (1980), to explain households' interpurchase times. Unlike the Proportional Hazard Model (PHM), first proposed by Cox (1972), the ARM incorporates the effects of covariates on the individual hazard function in an (as opposed to ) manner. While a...
Persistent link: https://www.econbiz.de/10008787973
We propose a utility-theoretic brand-choice model that accounts for four different sources of state dependence: 1. effects of lagged choices (), 2. effects of serially correlated error terms in the random utility function (), 3. effects of serial correlations between utility-maximizing...
Persistent link: https://www.econbiz.de/10008788037
This paper advances the literature on multicategory demand models by simultaneously handling of the household. We propose a model of and outcomes in multiple categories. Our results show that cross-category promotional spillovers are asymmetric between the two product categories of bacon and...
Persistent link: https://www.econbiz.de/10008788302
China's straw power industry has developed rapidly in recent years. However, SPPs (straw power plants) were always under financial deficit, which mainly arose from high operating costs and undersupply of feedstock. In order to break through feedstock dilemma, we apply game theory to model...
Persistent link: https://www.econbiz.de/10011189948
Brand awareness plays an important role in brand construction and brand recognition, which is regarded as the foundation for brand development. To some extent, brand awareness can directly influence consumers’ purchase intention. Taking Chinese college students who will become main consumers...
Persistent link: https://www.econbiz.de/10010766238