Three Essays On Structural State Dependent Marketing Variables
DOWNLOAD
Download Three Essays On Structural State Dependent Marketing Variables PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Three Essays On Structural State Dependent Marketing Variables 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
Three Essays On Structural State Dependent Marketing Variables
DOWNLOAD
Author : Roozbeh Irani Kermani
language : en
Publisher:
Release Date : 2018
Three Essays On Structural State Dependent Marketing Variables written by Roozbeh Irani Kermani and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
This dissertation contains three essays. The first essay studies the accuracy of the measurement methods of brand loyalty. Accurately modeling and measuring a brand loyalty parameter can drastically affect the measurement of consumer impacts and welfare in brand-choice models. The most well-known method for brand loyalty estimation uses a households shopping history and accounts for habit formation via a smoothing parameter that represents the weight given to a households recent decisions in comparison to its distant shopping history. In this paper, we introduce a method that is able to estimate time-varying smoothing parameters for heterogeneous households. I use the Nielsen Homescan dataset for the U.S. beer market and calculate this smoothing parameter for American households during the years 2009-2011. My results show that the smoothing parameter varies significantly not only among households but also for a single household over the time, and that this variation is partially explained by observed household characteristics. I then incorporate a brand-loyalty index based on this method into a brand-choice model of the American beer market and show that our method improves the estimation results. To better understand the relationship between variety seeking and brand loyalty and to develop a more accurate brand choice model, the second essay introduces a new index for variety seeking. Consumers tendency to substitute different types of the same product in their baskets or search for ideal bliss point via diversification is generally regarded as variety-seeking behavior, and researchers most often operationalize this concept by observing product-switching behavior from one purchase occasion to another. What all variety-seeking measurement models have in common is that they operationalize this behavior by observing shopping patterns at the brand level. Thus, variety seeking is the negation of brand loyalty. In the second essay, I propose to generalize the operational concept of variety seeking by focusing on the differences among the product attributes that underlie the brand differences. I construct a variety-seeking index that measures variety via relative Euclidian distances in attribute space. Because a brand identifier could therefore be just one of several product attributes, a more traditional definition of variety seeking based only on brands would be a special case of this new, more general, variety-seeking index. My results show that adding this index to the brand choice model enhances the explanatory power of the model and improves estimation and analysis of consumer preferences. In the third essay, I investigate how mergers and acquisitions in the U.S. beer market affect brand loyalty and variety seeking using the two generalized definitions that I propose in the first two essays. More specifically, I propose to examine how brand-loyalty and variety-seeking indexes change before and after two major mergers during a 5-year period (2004-2009) while controlling for a large suite of fixed effects. Therefore, this analysis would enable me, in a qualitative way, to see how merger and acquisition activity affects underlying preferences.
Three Essays On The Term Structure
DOWNLOAD
Author : Robin James Brenner
language : en
Publisher:
Release Date : 1989
Three Essays On The Term Structure written by Robin James Brenner and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Interest rates categories.
Essays On Testing Functional Coefficient Models And Applications In Finance
DOWNLOAD
Author : Xingtong Zhang
language : en
Publisher:
Release Date : 2020
Essays On Testing Functional Coefficient Models And Applications In Finance written by Xingtong Zhang 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 on specification tests on functional coefficient models via the Fourier transform and applications on conditional asset pricing models. The first essay, "An Asymptotically Efficient Test for Functional Coefficient Models", proposes a consistent test for model specification in a functional coefficient model that uses the discrete Fourier transform of a consistent nonparametric estimator of the random coefficient. As a generalization of the conditional moment tests by Bierens (1980, 1982), it is applicable in testing part of the coefficient functions, rather than testing for all of the them jointly. Although a nonparametric estimation step is included, my method is able to detect local alternatives at a rate of root T, owing to the U-process structure of the test statistics. Monte Carlo studies demonstrate that my method outperforms current nonparametric tests, such as the generalized likelihood ratio test by Fan et al. (2001) and the Wald-typed tests by Li et al. (2002), especially when the sample size decreases and the dimension of the state variables increases. In the second essay titled "A Consistent Model Specification Test for Functional Coefficient Models", I propose a consistent test for model specifications in functional coefficient models via discrete Fourier transform (DFT). The DFT of the sample score function can extract the local property of unknown parameters over the state variable. Therefore, my test avoids nonparametric estimation and is asymptotically more efficient than the existing nonparametric tests. It can detect a class of local alternatives at the parametric rate. Furthermore, my test allows the regressors and the state variables to be the same and is also robust to heteroscedasticity and serial correlation. Simulation studies show that the proposed test has reasonable size and excellent power against various misspecifications of coefficient functions. The two essays both aim at improving the efficiency of the tests over existing nonparametric tests in the literature. Rather than the same, they can be viewed as complement to each other. The first involves a step of nonparametric estimation and thus can test part of coefficient functions, rather than the joint test for all of the coefficient functions in the model. The drawback is that it is not tuning parameter free. The second uses a score function approach which is based on the residuals from the parametric estimation and is free of nonparametric estimation. Both have their merits and limitations and together provide a system of more efficient methods that can be applied in various economics circumstances. The third essay, "How Does Smooth Structural Change Affect Asymmetric Dependence in Foreign Exchange market?", I use a copula approach based on Patton (2006) to model this asymmetric exchange rate dependence and investigate how different but reasonable specification of marginal distribution affect the asymmetric behavior between mark-dollar and yen-dollar exchange rates. Central banks are facing a trade-off between export competitiveness and price stability, which will result in an asymmetric dependence behavior among currencies during joint appreciations versus during joint depreciation. It is plausible that the change pace of the underlying economic mechanism and technological progress can cause the structural change of exchange rate in a country. Furthermore, since the pattern of correlation or dependence structure is determined by second or higher order moment, we would expect the marginal structural change in volatility to change the dependence structure in joint distribution. This chapter can also serve as an empirical evidence of implementing smooth structural change into test for asymmetric correlations, proposed by Hong, Tu and Zhou (2007).
Studies In Labor Markets
DOWNLOAD
Author : Sherwin Rosen
language : en
Publisher: University of Chicago Press
Release Date : 2007-12-01
Studies In Labor Markets written by Sherwin Rosen and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-01 with Political Science categories.
The papers in this volume present an excellent sampling of the best of current research in labor economics, combining the most sophisticated theory and econometric methods with high-quality data on a variety of problems. Originally presented at a Universities-National Bureau Committee for Economic Research conference on labor markets in 1978, and not published elsewhere, the thirteen papers treat four interrelated themes: labor mobility, job turnover, and life-cycle dynamics; the analysis of unemployment compensation and employment policy; labor market discrimination; and labor market information and investment. The Introduction by Sherwin Rosen provides a thoughtful guide to the contents of the papers and offers suggestions for continuing research.
Three Essays In Energy Economics
DOWNLOAD
Author : Dae-Wook Kim
language : en
Publisher:
Release Date : 2004
Three Essays In Energy Economics written by Dae-Wook Kim and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
Essays On The Economic Role Of Government
DOWNLOAD
Author : Warren J. Samuels
language : en
Publisher: Springer
Release Date : 1992-06-18
Essays On The Economic Role Of Government written by Warren J. Samuels and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-06-18 with Political Science categories.
Contains a collection of articles applying fundamental concepts of power, property, regulation and the compensation principle to contemporary topics: the wealth maximization hypothesis, the Coase theorem, public utility regulation, and other topics in law and economics.
Three Essays On Aid To Families With Dependent Children Afdc
DOWNLOAD
Author : Ann Dentinger
language : en
Publisher:
Release Date : 1991
Three Essays On Aid To Families With Dependent Children Afdc written by Ann Dentinger and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Child welfare categories.
Dissertation Abstracts International
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2006
Dissertation Abstracts International written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Dissertations, Academic categories.
Three Essays On Examining The Relationship Between Education And Labor Market And Health Outcomes
DOWNLOAD
Author : Jeremy Arkes
language : en
Publisher:
Release Date : 1997
Three Essays On Examining The Relationship Between Education And Labor Market And Health Outcomes written by Jeremy Arkes and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with categories.
Essays On Economic Decisions Under Uncertainty
DOWNLOAD
Author : Jacques Drèze
language : en
Publisher: CUP Archive
Release Date : 1990-05-25
Essays On Economic Decisions Under Uncertainty written by Jacques Drèze and has been published by CUP Archive this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-05-25 with Business & Economics categories.
Professor Dreze is a highly respected mathematical economist and econometrician. This book brings together some of his major contributions to the economic theory of decision making under uncertainty, and also several essays. These include an important essay on 'Decision theory under moral hazard and state dependent preferences' that significantly extends modern theory, and which provides rigorous foundations for subsequent chapters. Topics covered within the theory include decision theory, market allocation and prices, consumer decisions, theory of the firm, labour contracts, and public decisions.