The application of the conjoint analysis to the choice of study major problems is discussed. Each course is described by five variables: advice from parents, teachers, and friends; fashion; degree of course difficulty; attractiveness of the job after graduation; coincidence with personal...

In the article, the conjoint analysis method was applied to the situation in which school management intends to start new, post high-school form of teaching opportunities, Each new school is described by five variables: duration, work intensity, organization, vocational diploma, and price per...

Recent advances on the identification of the Berry, Levinsohn and Pakes (BLP, 1995) random coefficient demand models focus on the structural demand functions. Yet, this does not automatically imply the identification of the distribution of the random coefficients. The latter is often necessary...

Word of mouth (WOM) and observational learning (OL), as two types of social interaction, have been generally discussed by researchers. And both have a significant impact on consumer purchasing decisions. Online shopping has also begun in Indonesia, but consumers are not accustomed to shopping...

To operate effectively in global markets, marketing managers need to understand that consumer response to globalization may be more complex than is commonly assumed. We examine a proposed conceptual framework to describe consumers' responses to globalization through a cross-national survey on...

That economists know next to nothing about measurement errors is not a good reason to assume them away. A more meaningful approach might be to investigate under which classes of measurement errors a given null hypothesis is rejected or not rejected. This paper illustrates this approach for the...

We study the impact of the COVID-19 pandemic on euro area inflation and how it compares to the experiences of other countries, such as the United States, over the two-year period 2020-21. Our model-based calibration exercises deliver four key results: (1) compositional effects, or the switch...

In theory, nominal exchange rate movements can lead to “expenditure switching” when they generate changes in the relative prices of goods across countries. This paper explores whether the expenditure-switching role of exchange rates has changed in the current episode of significant global...

This paper studies the dynamics of international consumption risk sharing among the G7 countries. Based on the dynamic conditional correlation model due to Engle (2002), we construct a time-varying, consumption-based measure of risk sharing. We find that although the exposure to country-specific...