English, Article, Journal or magazine article edition: Consumer Demand and Unobservable Product Attributes Leif Brubakk and John K. Dagsvik

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Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Consumer Demand and Unobservable Product Attributes
Author
  • Leif Brubakk and John K. Dagsvik
Physical Description
  • preprint
Notes
  • 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.
  • Consumer demand; Differentiated products; Unobserved product heterogeneity
  • RePEc:ssb:dispap:223
Language
  • English
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