Studies in Consumer Demand - Econometric Methods Applied to Market Data

by Jeffrey A. Dubin

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Studies in Consumer Demand - Econometric Methods Applied to Market Data contains eight previously unpublished studies of consumer demand.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.

Product Details

ISBN-13:	9781461375937
Publisher:	Springer US
Publication date:	11/02/2012
Edition description:	Softcover reprint of the original 1st ed. 1998
Pages:	291
Product dimensions:	6.10(w) x 9.25(h) x 0.03(d)

Table of Contents

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 Products—An 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 Consumers—A 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.

Editorial Reviews

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.

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