scholarly journals Unobserved Product Differentiation in Discrete Choice Models: Estimating Price Elasticities and Welfare Effects

10.3386/w8798 ◽  
2002 ◽  
Author(s):  
Daniel Ackerberg ◽  
Marc Rysman
Keyword(s):  
Discrete Choice ◽  
Product Differentiation ◽  
Choice Models ◽  
Welfare Effects ◽  
Discrete Choice Models ◽  
Price Elasticities

scholarly journals The market for traceability with applications to U.S. feeder cattle

2020 ◽  
Author(s):  
James Mitchell ◽  
Glynn T Tonsor ◽  
Lee Schulz
Keyword(s):  
Discrete Choice ◽  
Product Differentiation ◽  
Supply And Demand ◽  
Choice Experiments ◽  
Choice Models ◽  
Discrete Choice Models ◽  
Stated Choice ◽  
Cost Share ◽  
Feeder Cattle ◽  
Stated Choice Experiments

Abstract For voluntary traceability programs, a key interest for program designers and policymakers is how to encourage participation. We contend that participating in voluntary traceability can be viewed as a product characteristic, and thus serves as a source of product differentiation. We study the implicit market for traceability systems for the first known time. In our empirical example, we use stated choice experiments to link feeder cattle sellers and buyers through premiums and discounts for cattle traceability systems. Using results from discrete choice models, we simulate changes in traceability supply and demand in response to prices and policies. We find that cost-share policies might be an effective way of encouraging participation for feeder cattle sellers and could serve as an alternative to mandating traceability.

Theoretical, methodological and practical issues of choice models

2018 ◽  
Vol 1 (1) ◽  
pp. 21-37
Author(s):  
Bharat P. Bhatta
Keyword(s):  
Discrete Choice ◽  
Model Building ◽  
Estimation Method ◽  
Choice Models ◽  
Discrete Choice Models ◽  
Decision Makers ◽  
Model Formulation ◽  
Random Utility Maximization ◽  
The Relationship ◽  
Method Model

This paper analyzes and synthesizes the fundamentals of discrete choice models. This paper alsodiscusses the basic concept and theory underlying the econometrics of discrete choice, specific choicemodels, estimation method, model building and tests, and applications of discrete choice models. Thiswork highlights the relationship between economic theory and discrete choice models: how economictheory contributes to choice modeling and vice versa. Keywords: Discrete choice models; Random utility maximization; Decision makers; Utility function;Model formulation

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