Essays On Consumer Choice And Public Policy
DOWNLOAD
Download Essays On Consumer Choice And Public Policy PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Essays On Consumer Choice And Public Policy book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Essays On Consumer Choice And Public Policy
DOWNLOAD
Author : Jukwan Lee
language : en
Publisher:
Release Date : 2019
Essays On Consumer Choice And Public Policy written by Jukwan Lee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
This dissertation consists of three chapters on consumer choice and public policy. The first chapter re-evaluates the realized efficacy of increasing block pricing (IBP). IBP is expected to give a positive social benefit, this assumes that consumers are attentive to the marginal price, which is questioned by recent literature. This paper measures the welfare loss from inattentiveness to the marginal price, which is defined as the misperception effect. By comparing IBP's efficacy and the misperception effect, the net benefit of using an IBP schedule is revealed. This study starts by identifying consumers' perceived marginal price. Using this perceived price, the demand curve can be estimated. After that, each consumer's and firm's surplus change are calculated. The second chapter studies the impact of snowfall on airport operation and suggests a comprehensive benefit and cost analysis on airport investment. Using two advanced econometric method, the Triple Difference model and the Nearest Neighbor Matching, this study first develops a Delay Analysis model to evaluate the exact effect of snowfall delay and secondly conducts the Net Present Value analysis on the Heated Pavement System (HPS). Delays by snows estimated up to about 9 minutes for airports in the Boston area, and HPS is feasible for airports with a great number of flights and passengers, such as Boston Logan airport.The third chapter explores the expected result of investment in runway, which could, in turn, reduce snow-related delays and cancellations. Three airports in the Boston area are selected since the geographical proximity would lead to intense competition once they are privatized. Each airport's arrival and departure itinerary data is used for assessment and identification of cost and benefit conditions to achieve this investment. For the analysis, this study constructs a two-stage game model of airports and airlines and follows the subgame perfect equilibrium. Backward induction and simulation for the different scenario are used for analysis. The equilibrium conditions show that private competition between profit maximization airports can stimulate large investment in a heated runway.
Essays On Public Policy And Consumer Choice
DOWNLOAD
Author : Melissa Schettini Kearney
language : en
Publisher:
Release Date : 2002
Essays On Public Policy And Consumer Choice written by Melissa Schettini Kearney and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with categories.
(Cont.) An empirical test of the expected utility hypothesis finds that, in general, it is a reasonable description of observed consumer choices. However, the data offer some evidence in support of non-linear probability weighting in consumer preferences. The second application studied in this thesis is welfare reform. A number of states have recently instituted family cap policies, under which women who conceive a child while receiving cash assistance are not entitled to additional cash benefits. Chapter three investigates how fertility behavior responds to this change in government expenditure policy. The analysis takes advantage of the variation across states in the timing of family cap implementation to determine if these policies are discouraging women from having additional births. The data consistently demonstrate that the family cap does not lead to a reduction in births. This finding of no effect is robust to the incorporation of lead and lag effects, to considering separately total and higher-order births, and to limiting the sample to demographic groups with high welfare propensities.
Two Essays On Consumer Choice
DOWNLOAD
Author : Rishin Roy
language : en
Publisher:
Release Date : 1990
Two Essays On Consumer Choice written by Rishin Roy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with categories.
Essays On Consumer Choice With Unobserved Choice Sets
DOWNLOAD
Author : Maura Coughlin
language : en
Publisher:
Release Date : 2020
Essays On Consumer Choice With Unobserved Choice Sets written by Maura Coughlin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
This dissertation consists of three essays that evaluate how consumers make decisions in settings where the researcher may not know the set of alternatives from which observed choices were selected. Many empirical analyses in economics presume the researcher knows the full set of alternatives an individual compared when selecting their most preferred. In practice, this assumption may fail to hold for a variety of reasons. In the first chapter, I introduce the economic setting of unobserved choice sets and consideration sets defining to this work. In the second chapter, my coauthors and I propose a robust method of discrete choice analysis when agents' choice sets are unobserved. Our core model assumes nothing about agents' choice sets apart from their minimum size. Importantly, it leaves unrestricted the dependence, conditional on observables, between agents' choice sets and their preferences. We first establish that the model is partially identified and characterize its sharp identification region. We then apply our theoretical findings to learn about households' risk preferences and choice sets from data on their deductible choices in auto collision insurance. The third chapter evaluates the prescription drug insurance choices of Medicare beneficiaries. I propose an empirical model of demand for prescription drug plans where non-monetary plan attributes stochastically determine the composition of the set of plans that an individual considers, and monetary plan attributes determine the individual's expected utility over contracts in her consideration set. This model reconciles the classic view of insurance contracts as lotteries with purely monetary outcomes with the empirical finding that choice among insurance plans is driven by their non-monetary attributes and financial attributes beyond their impacts on costs. I estimate the model using data from Medicare Part D allowing for unobserved heterogeneity in risk aversion and in consideration sets. I find that the latter plays a crucial role in plan choices, and in contrast to previous literature that assumes full consideration of all plans, I uncover an important role for risk aversion in determining individual choices.
Essays On Consumer Choice
DOWNLOAD
Author : Pavitra Jindahra
language : en
Publisher:
Release Date : 2005
Essays On Consumer Choice written by Pavitra Jindahra and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
Consumer Choice Imperfect Information And Public Policy
DOWNLOAD
Author : Victor P. Goldberg
language : en
Publisher:
Release Date : 1973
Consumer Choice Imperfect Information And Public Policy written by Victor P. Goldberg and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1973 with Consumer education categories.
Three Essays On The Economics Of Water Quality And Availability
DOWNLOAD
Author : Saman Olfati
language : en
Publisher:
Release Date : 2008
Three Essays On The Economics Of Water Quality And Availability written by Saman Olfati and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Salinization categories.
Essays On Consumer Choice Tastes And Lenders Risk Aversion Amid Consumer Default
DOWNLOAD
Author : Michael DeDad
language : en
Publisher:
Release Date : 2020
Essays On Consumer Choice Tastes And Lenders Risk Aversion Amid Consumer Default written by Michael DeDad and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Consumer behavior categories.
This dissertation consists of three chapters, two of which address consumer choices and tastes and one that addresses risk aversion in lending. The chapters are organized as follows: Chapter 1, "Tastes in the United States: Convergence or Divergence?": This study investigates how tastes for consumption goods across the United States have changed in the 2000s. Using Nielsen Homescan barcode-scanner data, I find evidence of an overall divergence in food tastes from 2007 to 2016 between households of different regional markets and different income, education, and race groups. There is evidence of convergence between rural households, while urban/rural groups and some race groups do not show an overall change in taste differences across groups. Across regional markets, political distance explains taste differences better than geographical distance.Chapter 2, "Human Capital and Quality Choice": This paper argues that human capital increases a consumer's ability to evaluate and appreciate the quality of information-intensive goods. We show theoretically that consumers with more human capital have steeper Engel curves for higher-quality varieties. We test this prediction using Nielsen Homescan data and focus on organic milk consumption in the United States. Using education as a proxy for human capital, we show that households with college-educated heads have steeper Engel curves for organic milk than those without college-educated heads.Chapter 3, "Risk Aversion in Lending Following the Financial Crisis": Following the 2007-2008 financial crisis, bank lending dropped dramatically, and the decline persisted well into the recovery period. This paper attempts to explain the drop in lending using a consumer default model with risk aversion in loan pricing. The version of the model with risk aversion is compared to one that uses the standard assumption of risk-neutral financial intermediaries to see if a model with risk aversion more accurately predicts lending in the post-crisis period. The risk-averse pricing model consistently generates more accurate interest rates than the risk-neutral pricing model, while the risk-neutral pricing model more accurately predicts the debt-output ratio.
Essays On Basket Level Models Of Consumer Choice
DOWNLOAD
Author : Andrei Leonidovich Strijnev
language : en
Publisher:
Release Date : 2003
Essays On Basket Level Models Of Consumer Choice written by Andrei Leonidovich Strijnev and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
Three Essays On Firm Strategy And Public Policy
DOWNLOAD
Author : Byung-Cheol Kim
language : en
Publisher:
Release Date : 2007
Three Essays On Firm Strategy And Public Policy written by Byung-Cheol Kim and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Consumer protection categories.