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Persistent link: https://www.econbiz.de/10001687983
We extend the Berry, Levinsohn and Pakes (BLP, 1995) random coefficients discrete choice demand model, which underlies … automobile demand. …
Persistent link: https://www.econbiz.de/10010345243
We extend the Berry, Levinsohn and Pakes (BLP, 1995) random coefficients discretechoice demand model, which underlies … automobile demand. …
Persistent link: https://www.econbiz.de/10009521645
We extend the Berry, Levinsohn and Pakes (BLP, 1995) random coeffcients discrete-choice demand model, which underlies … US automobile demand. …
Persistent link: https://www.econbiz.de/10011603891
We extend the Berry, Levinsohn and Pakes (BLP, 1995) random coefficients discrete choice demand model, which underlies … US automobile demand …
Persistent link: https://www.econbiz.de/10012959779
In this study we apply a random utility modeling framework to analyze housing demand in the city of Shanghai. A … addition to the price and income effects on housing demand, the model identifies a quality indicator for dwelling attributes …-sectional survey data. The stimated model is used to calculate demand elasticities and demand probabilities, for selected groups of …
Persistent link: https://www.econbiz.de/10014171339
We test the impact of online hotel ratings on the customers' hotel choice using a binary choice experiment where the online rating score is one of the hotels' attributes. Results show that online rating scores have a positive and significant impact on hotel choice. We also calculate the...
Persistent link: https://www.econbiz.de/10012208690
The paper compares different estimation strategies of ordered response models in the presence of non-random unobserved heterogeneity. By running Monte Carlo simulations with a range of randomly generated panel data of differing cross-sectional and longitudinal dimension sizes, we assess the...
Persistent link: https://www.econbiz.de/10009711915
The paper compares different estimation strategies of ordered response models in the presence of non-random unobserved heterogeneity. By running Monte Carlo simulations with a range of randomly generated panel data of differing crosssectional and longitudinal dimension sizes we assess the...
Persistent link: https://www.econbiz.de/10008779276
Psychologists and sociologists usually interpret answers to happiness surveys as cardinal and comparableacross respondents (Kahneman et al. 1999). As a result, these social scientists run OLS regressionson happiness and changes in happiness. Economists, on the other hand, usually only assume...
Persistent link: https://www.econbiz.de/10011326407