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dc.contributor.authorCzajkowski, Mikolajen_UK
dc.contributor.authorHanley, Nicholasen_UK
dc.contributor.authorLaRiviere, Jacoben_UK
dc.description.abstractThis paper develops a model of demand estimation in which consumers learn about their true preferences through consumption experiences. We develop a theoretical model of Bayesian updating, perform comparative statics over the model, and show how the theoretical model can be consistently incorporated into a reduced form econometric model. We then estimate the model using data collected for two quasi experience with a good will make consumers more certain over their preferences in both mean and variance are supported in each case.‐public goods. We find that the predictions of the theoretical exercise that additionalen_UK
dc.relationCzajkowski M, Hanley N & LaRiviere J (2012) The Effects of Experience on Preference Uncertainty: Theory and Empirics for Public and Quasi-Public Goods. Economics Working paper, 2012-17.en_UK
dc.relation.ispartofseriesEconomics Working paper, 2012-17en_UK
dc.subjectBayesian, demand estimation, stated preference, generalized multinomial logit, scale, scale variance.en_UK
dc.titleThe Effects of Experience on Preference Uncertainty: Theory and Empirics for Public and Quasi-Public Goodsen_UK
dc.typeWorking Paperen_UK
dc.type.statusAM - Accepted Manuscripten_UK
dc.subject.jelC51: Model Construction and Estimationen_UK
dc.subject.jelD83: Search; Learning; Information and Knowledge; Communication; Belief; Unawarenessen_UK
dc.subject.jelQ51: Valuation of Environmental Effectsen_UK
dc.subject.jelH43: Project Evaluation; Social Discount Rateen_UK
dc.contributor.affiliationUniversity of Warsawen_UK
dc.contributor.affiliationUniversity of Tennesseeen_UK
rioxxterms.typeWorking paperen_UK
local.rioxx.authorCzajkowski, Mikolaj|en_UK
local.rioxx.authorHanley, Nicholas|en_UK
local.rioxx.authorLaRiviere, Jacob|en_UK
local.rioxx.projectInternal Project|University of Stirling|
Appears in Collections:Economics Working Papers

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