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The taste for variety: A hedonic analysis

  • Drescher, Larissa
  • Thiele, Silke
  • Weiss, Christoph R.
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    This paper derives a hedonic price function for a household's consumption bundle. In a panel-data analysis for households' expenditures on 182 different soft drinks we find that consumers have a preference for variety in food consumption, ceteris paribus.

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    File URL: http://www.sciencedirect.com/science/article/B6V84-4S85DBM-5/2/f4a19fd0727dadebb8d2c635ab9b47ba
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    Article provided by Elsevier in its journal Economics Letters.

    Volume (Year): 101 (2008)
    Issue (Month): 1 (October)
    Pages: 66-68

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    Handle: RePEc:eee:ecolet:v:101:y:2008:i:1:p:66-68
    Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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    1. Jackson, Laurence Fraser, 1984. "Hierarchic Demand and the Engel Curve for Variety," The Review of Economics and Statistics, MIT Press, vol. 66(1), pages 8-15, February.
    2. Kelvin Lancaster, 1990. "The Economics of Product Variety: A Survey," Marketing Science, INFORMS, vol. 9(3), pages 189-206.
    3. Benassy, Jean-Pascal, 1996. "Taste for variety and optimum production patterns in monopolistic competition," Economics Letters, Elsevier, vol. 52(1), pages 41-47, July.
    4. Sherwin Rosen, 2002. "Markets and Diversity," American Economic Review, American Economic Association, vol. 92(1), pages 1-15, March.
    5. Jevons, William Stanley, 1871. "The Theory of Political Economy," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number jevons1871.
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