• Medientyp: Bericht; E-Book
  • Titel: Consumer Demand and Unobservable Product Attributes
  • Beteiligte: Brubakk, Leif [VerfasserIn]; Dagsvik, John K. [VerfasserIn]
  • Erschienen: Oslo: Statistics Norway, Research Department, 1998
  • Sprache: Englisch
  • Schlagwörter: C31 ; Differentiated products ; D12 ; Unobserved product heterogeneity ; Consumer demand ; C43
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  • Beschreibung: Traditional approaches to consumer demand modelling ignores the problem associated with product heterogeneity where important product characteristics are latent. The point of departure in the present study is a particular framework developed in Dagsvik (1996a,b) and Dagsvik et al. (1998). In this approach the consumer is assumed to make his choice from a discrete set of product variants. The resulting model has the form of a modified conventional demand system, where the modification consists in replacing the standard price indexes by a indexes which are derived from underlying behavioral assumptions. The empirical application is based on a sample of Norwegian micro data market prices and household consumption.
  • Zugangsstatus: Freier Zugang