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Article Dans Une Revue Enometrica Année : 2009

Choices of wine consumption

Résumé

Interpreting interaction terms in econometric modelling is fussy. Even if logit or probit models are the most used modelling consumers' choice, they omit interaction effects among explanatory variables in the choice process. These blended effects are however declared in the modifications of consumption decision. The difficulty is to interpret coefficients associated to these effects (interaction variables). To solve this problem, we propose a decision rule enforceable whatever the nature of the estimators. We build a convenient decision rule. We carry out an application of this decision rule to the choices of the wine consumers confronted with increasingly sophisticated products.
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Dates et versions

hal-03061979 , version 1 (14-12-2020)

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  • HAL Id : hal-03061979 , version 1

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Véronique Meuriot, Magali Aubert. Choices of wine consumption: Mesure of interaction terms and attributes. Enometrica, 2009, vol. 2 (n°2), pp.51-60. ⟨hal-03061979⟩
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