This book describes the new generation of discrete choice methods, focusing on the many advances that are made possible by simulation. Researchers use these statistical methods …
Discrete Choice Analysis presents these results in such a way that they are fully accessible to the range of students and professionals who are involved in modelling demand and …
Neuroeconomics uses knowledge about brain mechanisms to inform economic analysis, and roots economics in biology. It opens up the “black box” of the brain, much as …
What do phone rates, frequent flyer programs, and railroad tariffs all have in common? They are all examples of nonlinear pricing. Pricing is nonlinear when it is not strictly proportional …
We study a class of assortment optimization problems where customers choose among the offered products according to the nested logit model. There is a fixed revenue associated …
M Gentzkow - American Economic Review, 2007 - aeaweb.org
Many important economic questions hinge on the extent to which new goods either crowd out or complement consumption of existing products. Recent methods for studying new …
Several major environmental statutes enacted in the 1970s designate resource management agencies as trustees of the natural resources on behalf of the public, and …
H Li, WT Huh - Manufacturing & Service Operations …, 2011 - pubsonline.informs.org
We consider the problem of pricing multiple differentiated products with the nested logit model and, as a special case, the multinomial logit model. We prove that concavity of the …
Discrete choice methods model a decision-maker's choice among a set of mutually exclusive and collectively exhaustive alternatives. They are used in a variety of disciplines …