scholarly journals U.S. Consumers' Valuation of Quality Attributes in Beef Products

2011 ◽  
Vol 43 (1) ◽  
pp. 1-12 ◽  
Author(s):  
Babatunde O. Abidoye ◽  
Harun Bulut ◽  
John D. Lawrence ◽  
Brian Mennecke ◽  
Anthony M. Townsend
Keyword(s):  
Willingness To Pay ◽  
Logit Model ◽  
Quality Attributes ◽  
Random Coefficients ◽  
Beef Products ◽  
Random Coefficients Logit Model

A sample of U.S. consumers were surveyed in a choice based experiment in the Fall of 2005 and Spring 2006 to elicit Consumers' preferences for quality attributes in beef products. Based on the resulting data, a random coefficients logit model is estimated, and Consumers' willingness to pay for these quality attributes in beef products is obtained. The results indicate that consumers have strong valuation for traceability, grass-fed, and U.S. origin attributes in a standard rib-eye steak and are willing to pay a premium for these attributes.

scholarly journals The random coefficients logit model is identified

2012 ◽  
Vol 166 (2) ◽  
pp. 204-212 ◽  
Author(s):  
Jeremy T. Fox ◽  
Kyoo il Kim ◽  
Stephen P. Ryan ◽  
Patrick Bajari
Keyword(s):  
Logit Model ◽  
Random Coefficients ◽  
Random Coefficients Logit Model

scholarly journals The Random Coefficients Logit Model Is Identified

2009 ◽  
Author(s):  
Patrick Bajari ◽  
Jeremy Fox ◽  
Kyoo il Kim ◽  
Stephen Ryan
Keyword(s):  
Logit Model ◽  
Random Coefficients ◽  
Random Coefficients Logit Model

A Study on Behavioral Intention of Consumers Purchasing Fine Decoration Residence Based on Logit Model

2013 ◽  
Vol 838-841 ◽  
pp. 3208-3211 ◽  
Author(s):  
Ying Wang ◽  
Jing Guo
Keyword(s):  
Willingness To Pay ◽  
Behavioral Intention ◽  
Consumer Choice ◽  
Logit Model ◽  
Choice Behavior ◽  
Main Factors ◽  
Consumer Choice Behavior

This paper use the investigation data of Xi'an as the foundation, to examine consumer choice behavior of fine decoration residence. It analyzes the main factors which influence consumer choice behavior of fine decoration residence by using logit model. The results show that culture degree of consumer, understanding of fine decoration residence, willingness to pay as well as views on the quality of the decoration and style of fine decoration residence have a significant impact on consumer decisionmaking behavior in purchasing.

Italian millennials' preferences for wine: an exploratory study

2020 ◽  
Vol 122 (8) ◽  
pp. 2403-2423
Author(s):  
Federico Nassivera ◽  
Gianluigi Gallenti ◽  
Stefania Troiano ◽  
Francesco Marangon ◽  
Marta Cosmina ◽  
...  
Keyword(s):  
New Media ◽  
Willingness To Pay ◽  
Carbon Footprint ◽  
Generation Y ◽  
Logit Model ◽  
Random Parameter ◽  
Multinomial Logit Model ◽  
Discrete Choice Models ◽  
Content Type ◽  
Wine Consumption

PurposeThis paper aims to investigate the wine consumption among young people belonging to the so-called millennial generationDesign/methodology/approachThis study uses a questionnaire and a choice experiment (CE) with a multinomial logit model (MNL), implementing a random parameter logit model (RPL), to investigate the attitudes of millennials towards wine consumption, their purchasing behaviours and their willingness to pay for attributes of the products; in particular regarding the follwing: region of origin, “winescape”, certification, carbon footprint claim and price.FindingsMillennials appear to drink wine less frequently; they consume it more often in social on-premise settings, having a slightly higher willingness to pay and preferring carbon-neutral brands when choosing wine.Research limitations/implicationsThe limitation of this research was the analysis of a simulated situation where consumers declared their intention to purchase and not the effective purchase behaviour in the market.Further research should investigate wider millennials groups, also using the new media communication tools that characterise the communication behaviour of Generation Y. In this way, it would be possible to interview a millennial group at the national or international level.Practical implicationsThe research identifies some characteristics of millennials’ habits that can take into account the strategies of wine companies in order to develop a constructive relationship with Generation Y in Italy.Social implicationsThis research contributes to knowledge regarding the wine consumption habits of Italian millennials.Originality/valueThis paper applies discrete choice models to consumption situations in order to analyse millennials' preference and their willingness to pay for some innovative attributes of wine, in particular the carbon footprint.

The Multidimensional Random Coefficients Multinomial Logit Model

1997 ◽  
Vol 21 (1) ◽  
pp. 1-23 ◽  
Author(s):  
Raymond J. Adams ◽  
Mark Wilson ◽  
Wen-chung Wang
Keyword(s):  
Logit Model ◽  
Multinomial Logit Model ◽  
Multinomial Logit ◽  
Random Coefficients

Accounting for Voter Heterogeneity within and across Districts with a Factor-Analytic Voter-Choice Model

2007 ◽  
Vol 15 (1) ◽  
pp. 67-84 ◽  
Author(s):  
Wagner A. Kamakura ◽  
José Afonso Mazzon
Keyword(s):  
Logit Model ◽  
Choice Model ◽  
Random Coefficients ◽  
Nested Logit ◽  
Second Stage ◽  
Voter Preferences ◽  
Political Preferences ◽  
Factor Analytic ◽  
Proposed Model ◽  
Voter Choice

In this study, we propose a model of individual voter behavior that can be applied to aggregate data at the district (or precinct) levels while accounting for differences in political preferences across districts and across voters within each district. Our model produces a mapping of the competing candidates and electoral districts on a latent “issues” space that describes how political preferences in each district deviate from the average voter and how each candidate caters to average voter preferences within each district. We formulate our model as a random-coefficients nested logit model in which the voter first evaluates the candidates to decide whether or not to cast his or her vote, and then chooses the candidate who provides him or her with the highest value. Because we allow the random coefficient to vary not only across districts but also across unobservable voters within each district, the model avoids the Independence of Irrelevant Alternatives Assumption both across districts and within each district, thereby accounting for the cannibalization of votes among similar candidates within and across voting districts. We illustrate our proposed model by calibrating it to the actual voting data from the first stage of a two-stage state governor election in the Brazilian state of Santa Catarina, and then using the estimates to predict the final outcome of the second stage.

scholarly journals The Biggest Bang for the Buck: Valuation of Various Components of a Regional Promotion Campaign by Participating Restaurants

2014 ◽  
Vol 46 (2) ◽  
pp. 193-208 ◽  
Author(s):  
Ran Xie ◽  
Olga Isengildina-Massa ◽  
Carlos E. Carpio
Keyword(s):  
South Carolina ◽  
Willingness To Pay ◽  
Logit Model ◽  
Choice Experiment ◽  
Economic Value ◽  
Mixed Logit ◽  
Mixed Logit Model ◽  
Positive Economic ◽  
Level Of Satisfaction

This study examined how various components of the Certified South Carolina campaign are valued by participating restaurants. A choice experiment was conducted to estimate the average willingness to pay (WTP) for each campaign component using a mixed logit model. Three existing campaign components—Labeling, Multimedia Advertising, and the “Fresh on the Menu” program—were found to have a significant positive economic value. Results also revealed that the type of restaurant, the level of satisfaction with the campaign, and the factors motivating participation significantly affected restaurants' WTP for the campaign components.

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