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- W1585212582 abstract "In utility-maximizing models of choice between vertically differentiated substitutes, the consumers'WTP (willingness-to-pay for quality) is assumed to be uniformly distributed in the market...A convenient assumption which conditions the linearity of the demand functions. Here,a direct empirical test of that hypothesis is proposed and implemented on specific survey data.Our approach simply consists in assessing buyers' WTS (willingness-to-substitute a second option for the 1rst choice), by eliciting tradeoff price thresholds.The maximum-likelihood estimation procedure programmed enables us to parameterize a flexible generalization (mixture of 3 rectangular df) of the original, basic, specification." @default.
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- W1585212582 date "2004-01-01" @default.
- W1585212582 modified "2023-09-27" @default.
- W1585212582 title "Tracking substitution patterns" @default.
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