Methods for Evaluating Suitability of Econometric Demand Models in Design for Market Systems

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dc.contributor.author Frischknecht, Bart en_US
dc.contributor.author Whitefoot, Katie en_US
dc.contributor.author Papalambros, Panos en_US
dc.contributor.editor 2009 ASME International Design Engineering Technical Conferences en_US
dc.date.accessioned 2012-03-19T04:28:30Z
dc.date.available 2012-03-19T04:28:30Z
dc.date.issued 2009 en_US
dc.identifier 2009005076 en_US
dc.identifier.citation Frischknecht Bart, Whitefoot Katie, and Papalambros Panos 2009, 'Methods for Evaluating Suitability of Econometric Demand Models in Design for Market Systems', , ASME, USA, , pp. 397-406. en_US
dc.identifier.issn 978-0-7918-4902-6 en_US
dc.identifier.other E1UNSUBMIT en_US
dc.identifier.uri http://hdl.handle.net/10453/17690
dc.description.abstract This paper articulates some of the challenges for what has been an implicit goal of design for market systems research: To predict demand for differentiated products so that counterfactual experiments can be performed based on changes to the product design (i.e., attributes). We present a set of methods for examining econometric models of consumer demand for their suitability in product design studies. We use these methods to test the hypothesis that automotive demand models that allow for nonlinear horizontal differentiation perform better than the conventional functional forms, which emphasize vertical differentiation. We estimate these two forms of consumer demand in the new vehicle automotive market, and find that using an ideal-point model of size preference rather than a monotonic model has model fit but different attribute substitution patterns. The generality of the evaluation methods and the range of demand model issues to be explored in future research are highlighted. en_US
dc.language en_US
dc.publisher ASME en_US
dc.relation.isbasedon http://dx.doi.org/10.1115/DETC2009-87165 en_US
dc.title Methods for Evaluating Suitability of Econometric Demand Models in Design for Market Systems en_US
dc.parent 2009 ASME International Design Engineering Technical Conferences - Volume 5: 35th Design Automation Conference, Parts A and B en_US
dc.journal.volume 5 en_US
dc.journal.number en_US
dc.publocation USA en_US
dc.identifier.startpage 397 en_US
dc.identifier.endpage 406 en_US
dc.cauo.name BUS.Centre for the Study of Choice en_US
dc.conference Verified OK en_US
dc.for 091500 en_US
dc.personcode 108926 en_US
dc.personcode 0000064955 en_US
dc.personcode 0000062041 en_US
dc.percentage 100 en_US
dc.classification.name Other Technology en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom ASME International Design Engineering Technical Conferences en_US
dc.date.activity 20090930 en_US
dc.location.activity San Diego, USA en_US
dc.description.keywords en_US


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