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We study the consumption behaviour of an asymmetric network of heterogeneous agents in the framework of discrete choice models with stochastic decision rules. We assume that the interactions among agents are uniquely specified by their "social distance" and consumption is driven by peering,...
Persistent link: https://www.econbiz.de/10014143066
An information-based model is developed where traditional and digital advertising finance the provision of free media goods and affect price competition. The economy is not efficient. Media goods are under provided. Additionally, there is excessive advertising when ads cannot be perfectly...
Persistent link: https://www.econbiz.de/10013220326
The purpose of the present paper is to study how households form inflation expectations. Using a novel survey-base dataset of Italian households' opinions of inflation we investigate two separate, but related, types of behavior: 'inattentiveness' and 'anchoring'. The present analysis extends the...
Persistent link: https://www.econbiz.de/10011734165
We establish the Hurwicz-Uzawa integrability of the broad class of discrete-choice additive random-utility models of individual consumer behavior with perfect substitutes preferences and divisible goods. We derive the corresponding indirect uility function and then establish a representative...
Persistent link: https://www.econbiz.de/10013334349
Persistent link: https://www.econbiz.de/10012111493
We propose a model of competitive attention based on two key premises: i) People have limited information processing capacities and ii) consideration sets are formed according to relative salience. The equilibrium predictions we obtain can help to understand, and connect, diverse empirical...
Persistent link: https://www.econbiz.de/10012510634
Full-text of this article is not available in this e-prints service. This article was originally published in International Journal of Retail & Distribution Management, published by and copyright Emerald.
Persistent link: https://www.econbiz.de/10009455032
determinants of organic food consumption in a mature (Germany) and an emerging (Chile) organic market. Subjects aged 18 or above … Germany. Nevertheless, the findings indicate that the model was able to explain more variance in Germany than in Chile. In … egoistic arguments are significant drivers of attitude towards and intention to buy organic food in Germany. In Chile, only …
Persistent link: https://www.econbiz.de/10010330060
Paper prepared for presentation at the 7th Industrieforum PelletsStuttgart (Germany), 10th October 2007 …Compared to other heating markets the wood pellets market is quite young and small in Germany. Nevertheless it is a … within the scope of this project. Therefore people in different parts of Germany have been asked about their heating system …
Persistent link: https://www.econbiz.de/10009442671
later, indicating the need for differentiating retail strategies in Germany and in other parts of the world that may soon be …
Persistent link: https://www.econbiz.de/10014722138