|
on Discrete Choice Models |
By: | Non, Arjan (General Economics 2 (Macro)); Rohde, Ingrid (iza university of bonn); de Grip, Andries (Research Centre for Educ and Labour Mark); Dohmen, Thomas (General Economics 2 (Macro)) |
Abstract: | We conduct a discrete choice experiment to investigate how the mission of high-tech companies affects job attractiveness and induces self-selection of science and engineering graduates with respect to their prosocial attitudes. We characterize mission by whether or not the company combines its profit motive with a mission on innovation or corporate social responsibility (CSR). Furthermore, we vary job design (e.g. autonomy) and contractible job attributes (e.g. job security). We find that companies with a mission on innovation or CSR are considered more attractive. Women and individuals who are more altruistic and less competitive feel particularly attracted to such companies. |
Keywords: | mission of the company, sorting, discrete choice experiment, job characteristics, social preferences |
JEL: | J81 J82 M52 |
Date: | 2019–07–11 |
URL: | http://d.repec.org/n?u=RePEc:unm:umagsb:2019020&r=all |
By: | Non, Arjan (General Economics 2 (Macro)); Rohde, Ingrid (iza university of bonn); de Grip, Andries (Research Centre for Educ and Labour Mark); Dohmen, Thomas (General Economics 2 (Macro)) |
Abstract: | We conduct a discrete choice experiment to investigate how the mission of high-tech companies affects job attractiveness and induces self-selection of science and engineering graduates with respect to their prosocial attitudes. We characterize mission by whether or not the company combines its profit motive with a mission on innovation or corporate social responsibility (CSR). Furthermore, we vary job design (e.g. autonomy) and contractible job attributes (e.g. job security). We find that companies with a mission on innovation or CSR are considered more attractive. Women and individuals who are more altruistic and less competitive feel particularly attracted to such companies. |
Keywords: | mission of the company, sorting, discrete choice experiment, job characteristics, social preferences |
JEL: | J81 J82 M52 |
Date: | 2019 |
URL: | http://d.repec.org/n?u=RePEc:unm:umaror:2019006&r=all |
By: | Colin Castillo, Sergio; Martinez-Cruz, Adan L.; Manríquez García, Naim; Vázquez-Pérez, Joel T. |
Keywords: | Institutional and Behavioral Economics |
Date: | 2019–06–25 |
URL: | http://d.repec.org/n?u=RePEc:ags:aaea19:290765&r=all |
By: | Jianjun Miao (Boston University); Hao Xing (Boston University) |
Abstract: | We adopt the posterior-based approach to study dynamic discrete choice problems with rational inattention. We show that the optimal solution for the Shannon entropy case is characterized by a system of equations that resembles the dynamic logit rule. We propose an efficient algorithm to solve this system and apply our model to explain phenomena such as status quo bias, confirmation bias, and belief polarization. We also study the dynamics of consideration sets. Unlike the choice-based approach, our approach applies to general uniformly posteriorseparable information cost functions. A key condition for our approach to work in dynamic models is the convexity of the difference between the discounted generalized entropy of the prior beliefs about the future states and the generalized entropy of the current posterior. |
Keywords: | Rational Inattention, Endogenous Information Acquisition, Entropy, Dynamic Discrete Choice, Dynamic Programming |
JEL: | D11 D81 D83 |
Date: | 2019–06 |
URL: | http://d.repec.org/n?u=RePEc:bos:wpaper:wp2019-005&r=all |
By: | Victor H. Aguiar; Nail Kashaev |
Abstract: | We propose a framework for doing sharp nonparametric welfare analysis in discrete choice models with unobserved variation in choice sets. We recover jointly the distribution of choice sets and the distribution of preferences. To achieve this we use panel data on choices and assume nestedness of the latent choice sets. Nestedness means that choice sets of different decision makers are ordered by inclusion. It may be satisfied, for instance, when it is the result of either a search process or unobserved feasibility. Using variation of the uncovered choice sets we show how to do ordinal (nonparametric) welfare comparisons. When one is willing to make additional assumptions about preferences, we show how to nonparametrically identify the ranking over average utilities in the standard multinomial choice setting. |
Date: | 2019–07 |
URL: | http://d.repec.org/n?u=RePEc:arx:papers:1907.04853&r=all |
By: | Wang, Holly; Yang, Jing; Zheng, Qiujie; Jiang, Yu |
Keywords: | Food Consumption/Nutrition/Food Safety |
Date: | 2019–06–25 |
URL: | http://d.repec.org/n?u=RePEc:ags:aaea19:290935&r=all |
By: | Tesfaye, Meneyahel Z.; Bizimana, Jean Claude; Daba, Teferi; Balana, Bedru; Gebregziabher, Gebrehaweria |
Keywords: | Agricultural Finance |
Date: | 2019–06–25 |
URL: | http://d.repec.org/n?u=RePEc:ags:aaea19:290730&r=all |
By: | Gill, Mackenzie; Jensen, Kimberly L.; Upendram, Sreedhar; English, Burton C.; Labbe, Niki; Lambert, Dayton M.; Jackson, Sam |
Keywords: | Marketing |
Date: | 2019–06–25 |
URL: | http://d.repec.org/n?u=RePEc:ags:aaea19:290845&r=all |
By: | Ryan Hawthorne; Lukasz Grzybowski |
Abstract: | We test for the distributional effects of regulation and entry in the mobile telecommunications sector in a highly unequal country, South Africa. Using six waves of a consumer survey of over 134,000 individuals between 2009-2014, we estimate a discrete-choice model allowing for individual-specific price-responsiveness and preferences for network operators. Next, we use a demand and supply equilibrium framework to simulate prices and the distribution of welfare without entry and mobile termination rate regulation. We find that regulation benefits consumers significantly more than entry does, and that high-income consumers and city-dwellers benefit more in terms of increased consumer surplus. |
Keywords: | mobile telecommunications, competition, entry, discrete choice, inequality |
JEL: | L13 L40 L50 L96 |
Date: | 2019 |
URL: | http://d.repec.org/n?u=RePEc:ces:ceswps:_7703&r=all |
By: | Tripathi, Shruti |
Abstract: | This study examines the factors that influence patient's choice of a hospital when health-care is financed by government funded health insurance scheme. The model is estimated using a multinomial logit applied to about 0.3 million cases of inpatient treatment from one of the state health insurance scheme in India in 2015. This is the first attempt to identify and quantify the impact of individual and hospital specific factors on patient choice for tertiary care under an insurance scheme in India. The results show that in absence of price constraint patients prefer to choose providers believed to be of higher quality in our case private and big public hospitals, bypassing the smaller public hospitals. |
Keywords: | health insurance, patient's choice, public and private, health care financing, government policy |
JEL: | I13 I18 |
Date: | 2018–05–31 |
URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:87159&r=all |
By: | Tonsor, Glynn T.; Mitchell, James L.; Schulz, Lee |
Keywords: | Production Economics |
Date: | 2019–06–25 |
URL: | http://d.repec.org/n?u=RePEc:ags:aaea19:291158&r=all |
By: | Fang, Di; Nayga, Rodolfo M.; West, Grant H.; Bazzani, Claudia |
Keywords: | Research and Development/Tech Change/Emerging Technologies |
Date: | 2019–06–25 |
URL: | http://d.repec.org/n?u=RePEc:ags:aaea19:290832&r=all |
By: | Melvin Wong; Bilal Farooq |
Abstract: | Travel decisions tend to exhibit sensitivity to uncertainty and information processing constraints. These behavioural conditions can be characterized by a generative learning process. We propose a data-driven generative model version of rational inattention theory to emulate these behavioural representations. We outline the methodology of the generative model and the associated learning process as well as provide an intuitive explanation of how this process captures the value of prior information in the choice utility specification. We demonstrate the effects of information heterogeneity on a travel choice, analyze the econometric interpretation, and explore the properties of our generative model. Our findings indicate a strong correlation with rational inattention behaviour theory, which suggest that individuals may ignore certain exogenous variables and rely on prior information for evaluating decisions under uncertainty. Finally, the principles demonstrated in this study can be formulated as a generalized entropy and utility based multinomial logit model. |
Date: | 2019–07 |
URL: | http://d.repec.org/n?u=RePEc:arx:papers:1907.07036&r=all |