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New empirical models in consumer demand

Author

Listed:
  • Timothy Richards

    (ASU - Arizona State University [Tempe])

  • Celine Bonnet

    (TSE-R - Toulouse School of Economics - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique)

Abstract

Advances in available data, econometric methods, and computing power have created a revolution in demand modeling over the past two decades. Highly granular data on household choices means that we can model very specific decisions regarding purchase choices for differentiated products at the retail level. In this chapter, we review the recent methods in modeling consumer demand and their application to problems in industrial organization and strategic marketing.

Suggested Citation

  • Timothy Richards & Celine Bonnet, 2018. "New empirical models in consumer demand," Post-Print hal-01985357, HAL.
    • Handle: RePEc:hal:journl:hal-01985357
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    Cited by:

    1. Seungki Lee & GianCarlo Moschini, 2020. "Estimating the Value of Innovation and Extension Information: SCNResistant Soybean Varieties," Center for Agricultural and Rural Development (CARD) Publications 20-wp603, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    2. Caputo, Vincenzina & Lusk, Jayson L., 2022. "The Basket-Based Choice Experiment: A Method for Food Demand Policy Analysis," Food Policy, Elsevier, vol. 109(C).

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