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Overview
Studies in Consumer Demand - Econometric Methods Applied to Market Data contains eight previously unpublished studies of consumer demand.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.Synopsis
Studies in Consumer Demand - Econometric Methods Applied to Market Data contains eight previously unpublished studies of consumer demand.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.
Booknews
Eight previously unpublished studies focusing on consumer demand provide an econometric analysis of a number of well-defined consumer products. Methods range from simple regression techniques applied in the first four chapters to the use of logit and multinomial logit models, the use of nested logit models, and finally to discrete/continuous modeling methods. Emphasis is placed on applications rather than econometric theory. Chapters cover the demand for addressed admail and complementary products in Canada; world demand for fractional horsepower direct- current motors; world demand and supply of acetic acid; demand for branded and unbranded products using an econometric method for valuing intangible assets; demand for recreational fishing in Montana; demand for commercial fishing in California; demand for cameras by consumers using a model of purchase, type choice, and brand choice; and demand for transportation services in natural gas markets based on the market power of a natural gas pipeline. Annotation c. by Book News, Inc., Portland, Or.