Do online price estimates directly impact sales prices in the real estate market, and if so, how large is that impact? We develop an estimation model that uses the di↵erence between list prices and online price estimates to proxy for house specific unobservables. To account for neighborhood specific unobservables, we use neighborhood first di↵erencing. Using house price estimates, list prices a...

production subsidies, as a part of the strategy of economic growth of the agricultural sector, are of great importance around the world. subsidizing production inputs, particularly energy input, is another way of directing subsidy to the agricultural sector. in this research, production function of the agricultural sector was estimated using econometric methods and time series data. after calcu...

In addition to the wireless telephone boom, similar exponential increasing trend in wireless data service – short messaging services (SMS) –, is visible, as technology advances. Given these interesting communication trends, we develop a structural model to understand mobile users’ behavior in the individual level consumption of voice and SMS services, allowing for cross-service dependencies. Th...

Many industries including music and e-book industries have been making or already made the transition from physical to digital goods in a couple of decades. Since the transformation fundamentally affects the cost structure, consumers’ purchasing behavior, and other critical factors in the industries, it is important to understand the changes that the transition has brought about. This paper emp...

This paper investigates the relationship between the selling price of diamonds and their weight in carats. For this purpose, we use a unique sample of 112,080 certified diamonds collected from www.info-diamond.com during the first week of July 2011. We find substantial differences in pricing depending on cut shape. The price of diamonds increases markedly with the carat weight, with a price ela...

abstract increase in aquatics demand is one of the major goals for production policies. hence analysis of demand structure and aquatics consumption patterns is very applicative and useful for policy makers. using the almost ideal demand system (a.i.d.s), the demand function for types of aquatics and chicken meat in urban and rural societies in kerman city were estimated. applying time series da...

Price promotions are used extensively in marketing for one simple reason—consumers respond. The sales increase for a brand on promotion could be due to consumers accelerating their purchases (i.e., buying earlier than usual and/or buying more than usual) and/or consumers switching their choice from other brands. Purchase acceleration and brand switching relate to the primary demand and secondar...