The taste for variety: A hedonic analysis |
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| Authors: | Larissa Drescher Silke Thiele Christoph R Weiss |
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| Institution: | aUniversity of Kiel, Germany;bVienna University of Economics and Business Administration, Austria |
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| Abstract: | This paper derives a hedonic price function for a household's consumption bundle. In a panel-data analysis for households' expenditures on 182 different soft drinks we find that consumers have a preference for variety in food consumption, ceteris paribus. |
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| Keywords: | Taste for variety Hedonic analysis Consumption |
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