Download or read book Essays on Consumer Choice and Public Policy written by Jukwan Lee and published by . This book was released on 2019 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation consists of three chapters on consumer choice and public policy. The first chapter re-evaluates the realized efficacy of increasing block pricing (IBP). IBP is expected to give a positive social benefit, this assumes that consumers are attentive to the marginal price, which is questioned by recent literature. This paper measures the welfare loss from inattentiveness to the marginal price, which is defined as the misperception effect. By comparing IBP's efficacy and the misperception effect, the net benefit of using an IBP schedule is revealed. This study starts by identifying consumers' perceived marginal price. Using this perceived price, the demand curve can be estimated. After that, each consumer's and firm's surplus change are calculated. The second chapter studies the impact of snowfall on airport operation and suggests a comprehensive benefit and cost analysis on airport investment. Using two advanced econometric method, the Triple Difference model and the Nearest Neighbor Matching, this study first develops a Delay Analysis model to evaluate the exact effect of snowfall delay and secondly conducts the Net Present Value analysis on the Heated Pavement System (HPS). Delays by snows estimated up to about 9 minutes for airports in the Boston area, and HPS is feasible for airports with a great number of flights and passengers, such as Boston Logan airport.The third chapter explores the expected result of investment in runway, which could, in turn, reduce snow-related delays and cancellations. Three airports in the Boston area are selected since the geographical proximity would lead to intense competition once they are privatized. Each airport's arrival and departure itinerary data is used for assessment and identification of cost and benefit conditions to achieve this investment. For the analysis, this study constructs a two-stage game model of airports and airlines and follows the subgame perfect equilibrium. Backward induction and simulation for the different scenario are used for analysis. The equilibrium conditions show that private competition between profit maximization airports can stimulate large investment in a heated runway.

Download or read book Essays on Public Policy and Consumer Choice written by Melissa Schettini Kearney and published by . This book was released on 2002 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: (Cont.) An empirical test of the expected utility hypothesis finds that, in general, it is a reasonable description of observed consumer choices. However, the data offer some evidence in support of non-linear probability weighting in consumer preferences. The second application studied in this thesis is welfare reform. A number of states have recently instituted family cap policies, under which women who conceive a child while receiving cash assistance are not entitled to additional cash benefits. Chapter three investigates how fertility behavior responds to this change in government expenditure policy. The analysis takes advantage of the variation across states in the timing of family cap implementation to determine if these policies are discouraging women from having additional births. The data consistently demonstrate that the family cap does not lead to a reduction in births. This finding of no effect is robust to the incorporation of lead and lag effects, to considering separately total and higher-order births, and to limiting the sample to demographic groups with high welfare propensities.

Download or read book Essays on Consumer Choice written by Pavitra Jindahra and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays in Consumer Choice written by Salar Jahedi and published by . This book was released on 2009 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays on the Economics of Water Quality and Availability written by Saman Olfati and published by . This book was released on 2008 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Consumer Choice Imperfect Information and Public Policy written by Victor P. Goldberg and published by . This book was released on 1973 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Austro Libertarian Point of View written by Alan G. Futerman and published by Springer Nature. This book was released on 2021-11-01 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers several areas of economic theory and political philosophy from the perspective of Austrian Economics and libertarianism. As such, it deals with Epistemology and Methodology, Microeconomics, Macroeconomics, Labor Economics, International Economics, Political Philosophy, Law and Public Policy, all from the Austro-libertarian perspective. Hence, this book offers an integrated view of libertarianism and Austrian economics in the light of recent debates in the areas of economic science and political philosophy. Moreover, it builds from the foundations of the Austrian approach (epistemology and methodology), while the latter material deals with its application to the individual from the microeconomic perspective, which in turn allows an exploration of subjects in macroeconomics. Additionally, this work applies Austro-libertarianism to law, politics, and public policy. Thus, it offers a unified view of the entire approach, in a logical progression, allowing the readers to judge this perspective in full. Futerman and Block say that their book is not a manual, which I suppose it is not. But it is a collection of highly pertinent essays, from which you can understand what is mistaken in the orthodoxy of economics, law, and politics. The central term of art in Austrian economics is that phrase “human action.” It is the exercise of human will, not the blind bumping of one molecule against another or one organism against another, as in the physical sciences... Futerman and Block distinguish Austrian economics as a scientific enterprise based on liberty of the will from “libertarianism” as an advocacy based on policies implied by such liberty. “Although Austrian economics is positive and libertarianism is normative,” they write, “this book shows how both are related; how each can support the other.” Indeed they do. Deirdre N. McCloskey, PhD UIC Distinguished Professor of Economics and of History Emerita, Professor of English Emerita, Professor of Communication Emerita, University of Illinois at Chicago

Download or read book Essays on the Economics of Policy and Regulation in Agricultural and Food Markets written by Shuay-Tsyr Ho and published by . This book was released on 2019 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation analyzes the empirical implications of selected policies and regulations applied to agricultural and food markets in the United States. It focuses on the policies at the regional level where the role of government influences the dynamics of agricultural markets and consumer behavior. In the first essay, in Chapter 2, I examine how regulation affects household diversity-seeking behavior for alcohol. Here I hypothesize that different state-level regulatory regimes in alcohol retail sales impact shopping convenience. I use a consumer panel dataset to examine household purchases of alcohol between 2004 and 2016. By focusing on a subset of households that moved between regulatory regimes in the pooled cross-sectional dataset, I am able to treat the time-invariant regulatory rules as a natural experiment to identify the causal impact of grocery store sales of alcohol on consumer choice diversification. The key finding suggests consumers further diversify their product selections in states that allow alcohol sales in grocery stores which reduces consumer's shopping costs and increases convenience. In the second essay, in Chapter 3, I focus on the effects of crop insurance on the supply of specialty crops in the United States. I use a nationally-representative farm-level dataset to evaluate the impacts of crop insurance on the acreage and crop value of fruits and vegetables. The empirical strategy addresses the potential endogeneity between the provision of crop insurance and the economic significance of the crops. In assessing how the availability of crop insurance affects supply, I use a number of variables to instrument insurance availability for fruits and vegetables. Instruments include i) the number of policies sold and premium subsidies for field crops within the same county, ii) the number of policies sold and premium subsidies for fruits and vegetable crops in the neighboring counties, which characterize various degrees of insurance demand. The two-stage findings suggest that crop insurance has increased both the harvested acreage and production value of fruits and vegetables. In the final essay, presented in Chapter 4, I worked with a team to evaluate several risk management strategies for cherry growers facing crop losses due to spring frost and excessive summer rain. Here we developed a framework to model stochastic prices, yields, and revenue for sweet cherries in New York and Michigan in a Monte Carlo simulation framework. This research constructed a novel dataset comprised of state-level market information for sweet cherries, station-level weather data, and the monitored performance of high tunnel at horticultural trials from research farms. Our results show that when there are significant price premiums for early season fruit, a high tunnel system could be the optimal strategy as it has the capacity to generate higher net profits compared to a variety of alternative strategies using insurance products.

Download or read book Essays on Consumption Behavior Economic Growth and Public Policy written by Chengyu Yang and published by . This book was released on 2005 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Moral Dimensions of Public Policy Choice written by John Martin Gillroy and published by University of Pittsburgh Pre. This book was released on 1992-08-15 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: Combining philosophy with practical politics, an expanding area of policy studies applies moral precepts, critical principles, and conventional values to collective decisions. This evolving new approach to policy analysis asserts that the same variety of ethical principles available to the individual are also available to make collective decisions in the public interest and should be used.Although policy analysis has long been dominated by assumptions originally developed for the examination of markets, such as efficiency, these essays by leading scholars - the best work done in the field over the past three decades - explore alternatives to the "market paradigm" and show how moral discrimination and choice can extend beyond the individual to encompass public decisions.Chapters by John Martin Gillroy and Maurice Wade review the political philosophies of Immanuel Kant and David Hume as backgrounds for the development of modern concepts of public policy choice. They present this anthology as a first step in codifying options, arguments, and methods within this important developing area of policy studies.

Download or read book Four Essays on the Context dependence of Consumer Preferences in Situations of Reduced Choice written by Nicole Wiebach and published by . This book was released on 2012 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays in Modeling Individual Preferences written by Armenak Markosyan and published by . This book was released on 2009 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Consumer Choice written by Christopher T. Erb and published by Routledge. This book was released on 2017-12-02 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The United States health care system is unique among those of other developed economies--most significantly because health care is not a legal right in the United States. Instead, it is considered an employee benefit and a privilege, unless one is over age 65 or of low income. The United States is the only developed country without some form of universal health care.Contributors to this volume represent an interdisciplinary group of academics, practitioners, and service delivery providers. The volume begins with a general examination of the politics of health and social welfare in the United States. It then focuses on the importance and role of consumers in the U.S. economy, and dilemmas associated with promoting consumer choice. It explores policy issues and challenges in three specific areas: controlling health care costs and protecting choice with respect to health care, the major challenges to informed choice in health care, and barriers to effective health care service delivery. Contributors explore changes and reforms that have been introduced within public and privately financed systems over the past ten years.Consumer Choice examines in a timely and efficient manner critical social and health policy issues--nationally and internationally--and the major challenges that face informed choice in health care and social policy. Policymakers, health care officials, and medical personnel in the United States and other countries will find this volume highly informative."

Download or read book Ethics of Consumption written by Crocker and published by Rowman & Littlefield Publishers. This book was released on 2000-01-01 with total page 611 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this comprehensive collection of essays, most of which appear for the first time, eminent scholars from many disciplines—philosophy, economics, sociology, political science, demography, theology, history, and social psychology—examine the causes, nature, and consequences of present-day consumption patterns in the United States and throughout the world.

Download or read book Three Essays in Applied Microeconomics Product Differentiation Consumer Preference and Reputation written by Huan Zhao and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: My third paper focuses on online shopping in China. The data set is about the sales record of a certain line of cell phones on the biggest B2C and C2C platform of China. It comes with seller properties, consumer properties and other supporting information. We investigate how reputation and launch of true description will impact consumers' decision. We also examine consumers' willingness to pay for reputation through a hedonic model.

Download or read book Three Essays on Firm Strategy and Public Policy written by Byung-Cheol Kim and published by . This book was released on 2007 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Consumers Goal Orientation and Price Sensitivity written by Woo Jin Choi and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of my dissertation work was to provide a better understanding of consumer choices related to these two important tradeoffs that consumers are often confronted with in the marketplace. Drawing upon regulatory focus theory, I investigated how consumers choose between price and quality or price and quantity, in each of two essays, thereby shedding light on the role of consumer goals in purchase decisions. In the first essay, I propose that quality is predominantly a promotion feature whereas price is predominantly a prevention feature. Therefore, promotion oriented consumers should be more attentive to differences in product quality whereas prevention oriented consumers should be more attentive to differences in product price. Three studies demonstrate that quality (price) is more strongly associated with a promotion (prevention) orientation, that promotion (prevention) oriented consumers prefer products with higher quality (cheaper prices), and that these preferences are mitigated when consumers do not need to prioritize between price and quality and are mediated by relative attention to quality versus price. In the second essay, I investigate the manner in which consumers' goal orientations affect their preferences for monetary versus nonmonetary promotional offers, such as bonus packs and price discounts. I propose that consumers with a promotion (vs. prevention) orientation are more likely to prefer a bonus pack offer over an economically equivalent price discount offer. Two pretests and one study provide empirical support for this key prediction. I also identify theoretically defensible and managerially actionable boundary conditions for this effect that are related to price levels and product types.