nep-dcm 2009-07-17 papers

on Discrete Choice Models

Issue of 2009‒07‒17
two papers chosen by
Philip Yu
Hong Kong University

Uniqueness seeking and demand estimation in the German automobile industry By Marco Guerzoni; Rene Soellner
Flexible Labor Supply Models By Bargain, Olivier

Uniqueness seeking and demand estimation in the German automobile industry

By:	Marco Guerzoni (Friedrich-Schiller University Jena, Faculty of Economics and Business Administration); Rene Soellner (Graduate School "The Economics of Innovative Change", Jena)
Abstract:	This paper empirically analyzes the determinants of demand in the German automobile industry. Our primary goal is to refine the existing literature on that topic by exploring the impact of uniqueness seeking behaviour of individuals on the demand schedule. Using a dataset on the segment of compact cars in the German market, we show that consumers have an intrinsic need for uniqueness seeking, and the degree a product satisfies this need is to be considered as an additional product characteristic.
Keywords:	Demand Estimation, Discrete Choice, Differentiated Products
JEL:	D12 L11 L15 L62
Date:	2009–07–08
URL:	http://d.repec.org/n?u=RePEc:jrp:jrpwrp:2009-050&r=dcm

Flexible Labor Supply Models

By:	Bargain, Olivier (University College Dublin)
Abstract:	Discrete-choice models of labor supply have become very popular for ex ante evaluations of policy reforms as they easily account for non-convex budget sets. We test the constraints imposed in practice on these models and suggest a fully flexible model that significantly improves fit.
Keywords:	multinomial logit, labor supply, taxation
JEL:	H31 J22
Date:	2009–07
URL:	http://d.repec.org/n?u=RePEc:iza:izadps:dp4281&r=dcm

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