The joint identification of utility and discount functions from stated choice data : An application to durable goods adoption

@inproceedings{Dub2012TheJI,
  title={The joint identification of utility and discount functions from stated choice data : An application to durable goods adoption},
  author={Jean-Pierre Dub{\'e} and G{\"u}nter J. Hitsch and Pranav Jindal},
  year={2012}
}
We present a survey design that generalizes static conjoint experiments to elicit inter-temporal adoption decisions for durable goods. We show that consumers’ utility and discount functions in a dynamic discrete choice model are jointly identified using data generated by this specific design. In contrast, based on revealed preference data, the utility and discount functions are generally not jointly identified even if consumers’ expectations are known. The separation of current-period… CONTINUE READING
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