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dc.contributor.authorGonzález Espitia, Carlos Giovanni
dc.contributor.authorSerna Borrero, Natalia
dc.date.accessioned2014-03-26T12:15:24Z
dc.date.available2014-03-26T12:15:24Z
dc.date.issued2013-09
dc.identifier.bibliographicCitationAlcamentos, N. 1402es_ES
dc.identifier.urihttp://hdl.handle.net/10017/20082
dc.description.abstractThe consumer’s choice over a bundle of products depends on the observable and unobservable characteristics of the product and the consumer. The choice is made over the basis of maximizing utility subject to their income restrictions and, at the same time, firms make product differentiation decisions over the basis of maximizing profit. Quality is one way to differentiate products. An example of this type of differentiation happens in the TV market where several displays are developed. Our objective is to determine the probability for a consumer of choosing a type of display among five kinds: standard tube, LCD, plasma, projection and LED. Using a multinomial logit, we find that electronic appliances such as DVDs and audio systems, as well as socioeconomic status, increase the probability of choosing a high-tech display television. Our empirical approximation contributes to the further understanding of consumer rational behavior through the theory utility maximization and highlights the importance of studying the market structure and analyzing changes in welfare and efficiencyen
dc.format.mimetypeapplication/pdfen
dc.language.isoengen
dc.publisherUniversidad de Alcalá. Departamento de Economíaes_ES
dc.subjectObservable product characteristicsen
dc.subjectProduct differentiationen
dc.subjectQualityen
dc.subjectTelevision displayen
dc.subject.jelD12
dc.subject.jelL15
dc.titleA discrete choice model approximation to the consumer's choice among television displaysen
dc.typeinfo:eu-repo/semantics/workingPaperen
dc.subject.ecienciaCIENCIAS ECONÓMICASes_ES
dc.subject.ecienciaEstadísticaes_ES
dc.subject.ecienciaECONOMICSen
dc.subject.ecienciaStatisticsen
dc.rights.accessRightsinfo:eu-repo/semantics/openAccessen


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