In this paper, we undertake the first examination of the effects of personality on individual economic choices over public environmental goods, using a stated preference approach. Based on three data sets from three separate choice modelling studies, we examine the effects of personality on preferences for the status quo, for changes in environmental quality, and over the costs of investing in ...

The paper considers decision contexts in which the set of alternatives from which choices have to be made (the 'menu ' ) may convey information about the desirability of these alternatives. Our analysis is motivated by the fact fl~at in specifying an appropriate description of a choice situation an outside observer always has to neglect some 'dimensions ' of the decision problem. The central cl...

This paper is an updated version of the paper \Discrete choice models with multiplicative error terms" by Fosgerau and Bierlaire (2006). We propose a multiplicative speci cation of a discrete choice model that renders choice probabilities independent of the scale of the utility. The scale can thus be random with unspeci ed distribution. The model mostly outperforms the classical additive formul...

Abstract This study examines the monotonicity properties of expected revenue in a revenue management problem with respect to the consumers’ choice behavior and the market size. The consumer behavior is described by a general discrete choice model. The firm decides which subset of fare products to offer at each time period. An example shows that the usual stochastic order relation in consumers’ ...

This research presents a new web-based application, called Personalised Energy Priorities (PEP), that provides households with personalised and tailored advice on practices or technologies they might adopt to improve the energy efficiency of their home. PEP proceeds in a manner similar to an online energy audit, but combines a user centric design approach with relatively new choice modelling so...

In the context of the arrival of electric vehicles on the car market, new mathematical models are needed to understand and predict the impact on the market shares. This research provides a comprehensive methodology to forecast the demand of a technology which is not widespread yet, such as electric cars. It aims at providing contributions regarding three issues related to the prediction of the ...

Florax et al. (2003) undertake a simulation study designed to assess the properties of various selection strategies applied to a spatial modelling problem. Unfortunately, a serious flaw in their experimental design vitiates their main conclusions. A proposal for how to rectify the problem suggests that the opposite conclusion might well result, particularly for more interesting settings than th...

I ncreasing product variety through the use of alternate package sizes is a commonly observed mechanism in the grocery industry. Under such a scheme, however, the response to pricing decisions for each of the different package sizes is affected by how customers make demand choices. We build a demand model in which customers react smart to retail promotions through stockpiling and package size s...

Timber supply has traditionally been modelled using aggregate data. In this paper, we build aggregate supply models for four roundwood products for the US state of North Carolina from a stand-level harvest choice model applied to detailed forest inventory. The simulated elasticities of pulpwood supply are much lower than reported by previous studies. Cross price elasticities indicate a dominant...

Societies prohibit many transactions considered morally repugnant, although potentially efficiency-enhancing. We conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors. Preferences were heterogeneous, ranging from deontological to strongly consequentialist; the median respondent would support payments by a public agency if ...