For information/digital products, the used goods market has been viewed as a threat by
producers. However, it is not clear whether this view is justified because the used goods …

This paper provides a step-by-step guide to estimating infinite horizon discrete choice
dynamic programming (DDP) models using a new Bayesian estimation algorithm (Imai et al …

Consumers commonly seek information from critic and consumer reviews when new product
quality remains uncertain. However, consumer reviews are endogenous and may be subject …

This dissertation applies the Bayesian approach as a method to improve the estimation
efficiency of existing econometric tools. The first chapter suggests the Continuous Choice …

Sales of e-books and associated reading devices grew rapidly within the last years. With
market shares up to 25%, they already are an important part of the book industry. Due to the …

Kahneman and Tversky (1979) illustrated that decision-makers tend to judge stimuli relative
to some reference point, whereby consumers react stronger to framed losses than gains …