Studies in Consumer Demand - Econometric Methods Applied to Market Data

Studies in Consumer Demand - Econometric Methods Applied to Market Data contains eight previously unpublished studies of consumer demand. Each study stands on its own as a complete econometric analysis of demand for a well-defined consumer product. The econometric methods range from simple regression techniques applied in the first four chapters, to the use of logit and multinomial logit models used in chapters 5 and 6, to the use of nested logit models in chapters 6 and 7, and finally to the discrete/continuous modeling methods used in chapter 8. Emphasis is on applications rather than econometric theory. In each case, enough detail is provided for the reader to understand the purpose of the analysis, the availability and suitability of data, and the econometric approach to measuring demand.

Klappentext

Studies in Consumer Demand - Econometric Methods Applied to Market Data contains eight previously unpublished studies of consumer demand. Each study stands on its own as a complete econometric analysis of demand for a well-defined consumer product. The econometric methods range from simple regression techniques applied in the first four chapters, to the use of logit and multinomial logit models used in chapters 5 and 6, to the use of nested logit models in chapters 6 and 7, and finally to the discrete/continuous modeling methods used in chapter 8. Emphasis is on applications rather than econometric theory. In each case, enough detail is provided for the reader to understand the purpose of the analysis, the availability and suitability of data, and the econometric approach to measuring demand.

Inhalt

1. The Demand for Addressed Admail and Complementary Products in Canada.- 1.1 Introduction.- 1.2 Econometric Methods and the Multiplier.- 1.3 Data.- 1.4 Econometric Models and Results.- 1.5 Simulations.- 1.6 Conclusions.- 2. The World Demand for Fractional Horsepower Direct- Current Motors.- 2.1 Introduction.- 2.2 Econometric Analysis of Micro-Motor Demand.- 2.3 Econometric Results for Worldwide Demand.- 2.4 Discussion of Results.- 2.5 Historical Pricing Behavior.- 2.6 Conclusions.- 3. Estimation and Identification of The Worldwide Demand for Acetic Acid.- 3.1 Introduction.- 3.2 Review of the Basic Products.- 3.3 Data.- 3.4 Incremental Capacity.- 3.5 Econometric Estimation.- 3.6 Conclusions.- 4. The Demand for Branded and Unbranded ProductsAn Econometric Method for Valuing Intangible Assets.- 4.1 The Basis for the Demand Approach.- 4.2 Demand Analysis and Brand Profitability.- 4.3 Data Description.- 4.4 Analysis.- 4.5 Conclusions.- 4.6 Appendices.- 5. The Demand for Recreational Fishing in Montana.- 5.1 Introduction.- 5.2 Estimating Natural Resource Damage.- 5.3 Discrete Choice Model for River Destination.- 5.4 Simulation of Estimated Models.- 5.5 Natural Resource Damages.- 5.6 Conclusions.- 6. The Demand for Commercial Fishing in California.- 6.1 Introduction.- 6.2 The Fisheries.- 6.3 The Nested Logit Model.- 6.4 Damage Estimates.- 6.5 Conclusions.- 6.6 Appendices.- 7. The Demand for Cameras by ConsumersA Model of Purchase, Type Choice, and Brand Choice.- 7.1 Introduction.- 7.2 Heterogeneity in Households' Preferences for Systems.- 7.3 Data.- 7.4 The Nested Logit Model of Camera Acquisition.- 7.5 Empirical Results.- 7.6 Conclusions.- 7.7 Appendix.- 8. The Demand for Transportation Services in Natural Gas Markets-The Market Power of A Natural Gas Pipeline.- 8.1Introduction.- 8.2 Theory.- 8.3 Data.- 8.4 Koch's Historical Discounting Behavior.- 8.5 Koch's Historical Demand for Transportation Service.- 8.6 Conclusions.- References.