This study examines the relationship between time discounting, other sources of time preference, and choices about smoking. Using a survey fielded for our analysis, we elicit rates of time discount from choices in financial and health domains. We also examine the relationship between other determinants of time preference and smoking status. We find very… (More)
We propose a likelihood based method that relies on sequential importance sampling to estimate dynamic discrete games of complete information with serially correlated unobserved state variables. Our method is applicable to similar games that have a Markovian representation of the latent dynamics and an algorithm to solve the game. We apply the method to a… (More)
Experience in one product market can potentially improve firm performance in a related product market in the future. Thus, entry into a market is determined not just by profits in that market but also by its future impact on profitability in other markets. We formulate and estimate a dynamic model of entry decisions of firms in the presence of such… (More)
This article reviews the rapidly growing literature on structural models of complementary choices. It discusses recent modeling developments and identifies promising areas for future research.
comments and suggestions. All remaining errors are our own. Abstract Beverage consumption occurs many times a day in response to a variety of needs that change throughout the day. In making their choices, consumers self-regulate their consumption by managing short run needs (e.g., hydration and mood pickup) with long-term goals (e.g., health). Using unique… (More)
This research investigates whether or not employee engagement has an impact on upselling effectiveness in the car rental service industry, where upselling is a key performance metric for customer development. Our empirical strategy employs a series of simple empirical tests based on measures of engagement constructed using various subgroups of employees and… (More)