In this study a demand system analysis for beef in South Korea is constructed. A free trade demand system was used in which the economic welfare of market participants are maximized. Recognizing implicit discrimination about non-locally sourced beef products, this study deduces market demand equations with respect to consumer preference in order to identify the marginal effect of change consume...

This paper discusses the closed-loop supply chain which is composed of a manufacturer, a retailer and the third-party recycler, the market dominated by manufacturer. Consumer conveys different preference for new products and remanufactured products. From this base, we segment markets and determine the market demand of different products. Then, we set up a closed-loop supply chain with the third...

We model unobserved preference heterogeneity in demand systems as random Barten scales in utility functions. These Barten scales appear as random coefficients multiplying prices in demand functions. Consumer demands are nonlinear in prices and may have unknown functional structure. We therefore prove identification of additive Generalized Random Coefficients models, defined as additive nonparam...

In this paper, the authors analyze product attributes and consumer characteristics in an international service selection decision. Previous work has focused on main effects without exploring the significance of interaction or individual heterogeneity effects. Using conjoint and ordered probit analyses, we find that including interaction and respondent specific dummy variables alters the impacts...

By constructing a mixed oligopoly competition model in an open economy, the internal relationship between tariff policy changes, domestic corporate social responsibility and technological innovation is deeply revealed. The theoretical deduction shows that rate has negative correlation with preference of consumer-friendly enterprises, reducing can improve enterprises; Higher rates will reduce co...

This article extends the literature on cross-country cultural influences on consumer behavior by exploring the influence that physiological and biological factors may have on consumer preferences across countries. As the specific case studied, the authors explore the relationship between average male penile length in a country and consumer preference for prestige brands in the country. Data fro...

Although the positive relationship between life events and stress has been well researched in the behavioral and social sciences, the relationship between life events and consumer behavior has scarcely been examined especially in developing economies such as Malaysia. This paper is an attempt to examine the impact of life events on older adults from the perspective of consumer behavior. It is b...