How Long to Read Three Essays on Demand Estimation

How Long Does it Take to Read Three Essays on Demand Estimation?

It takes the average reader 2 hours and 3 minutes to read Three Essays on Demand Estimation by Hang Zhou

Assuming a reading speed of 250 words per minute. Learn more

Description

This dissertation consists of three chapters concerning both empirical studies and estimation mythologies of the discrete choice models in the area of demand estimation. The first chapter is a pure empirical study of estimating Chinese outbound tourism demand under a discrete choice model framework. The second chapter considers a mixture discrete choice model in which consumers have unobservable and heterogeneous choice sets and proposes a corresponding two-step mixture estimation approach. The third chapter contains a set of simulation studies regarding the two-step mixture approach proposed in the second chapter. More specifically, the first chapter implements a discrete choice approach to estimate the determinants of Chinese outbound tourism demand after year 2004, since when Chinese citizens could travel to most major overseas destinations without political restrictions. Starting from travelers' utility specifications, this chapter implements basic linear regressions to estimate Chinese tourists' sensitivity to the cost of travel and other characteristics of the destinations. The price and income elasticities are estimated as well. This chapter also proposes a strategy to quantify the welfare gains of Chinese tourists from the opening of Taiwan (to mainland China) as a new destination. The second chapter proposes a two-step mixture approach to estimate discrete choice models when consumers' choice sets are unobservable and heterogeneous. Different choice sets are viewed as different consumer types. Each type of consumers has distinct criteria on the attributes of products according to which their choice sets are formatted. After assuming the choice set formation process, the choice sets distribution and preference parameters can be jointly estimated by a two-step mixture approach. A key insight is that the approach can be applied to store level data. While having individual level data is not a must, it can provide guidance on the formation of choice sets. The effectiveness of the proposed mixture approach is demonstrated via a set of Monte Carlo simulations and three empirical applications on markets of milk, potato chips and hot-dogs using the IRI marketing data. The third chapter is a follow-up of Chapter 2 and is based on more simulation studies. In this chapter I review the data generation process (DGP) of my mixture model, discuss the failure of another estimation method which depends on the BLP-type inversion under my DGP setup, and then conduct Monte Carlo simulation experiments to examine the validity of the two-step mixture approach and demonstrate its superiority over other traditional estimation methods under various scenarios.

How long is Three Essays on Demand Estimation?

Three Essays on Demand Estimation by Hang Zhou is 119 pages long, and a total of 30,821 words.

This makes it 40% the length of the average book. It also has 38% more words than the average book.

How Long Does it Take to Read Three Essays on Demand Estimation Aloud?

The average oral reading speed is 183 words per minute. This means it takes 2 hours and 48 minutes to read Three Essays on Demand Estimation aloud.

What Reading Level is Three Essays on Demand Estimation?

Three Essays on Demand Estimation is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Three Essays on Demand Estimation?

Three Essays on Demand Estimation by Hang Zhou is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy Three Essays on Demand Estimation by Hang Zhou on Amazon click the button below.