光华讲座——Testing Rationally Inattentive Consumers’ Behavior in Residential Water Market

发布日期:2018-02-25 点击次数:


主题 Testing Rationally Inattentive Consumers’ Behavior in Residential Water Market

主讲人王翔瑞  华盛顿州立大学经济学博士研究生

主持人西南财经大学中国西部经济研究中心   伍骏骞副研究员

时间 201831日上午10:30—12:00

地点西南财经大学柳林校区格致楼1114

主办单位:中国西部经济研究中心  科研处

 

主讲人简介:

Xiangrui Wang is an Ph.D. candidate in Economics at Washington State University.  His research fields include Natural Resource Economics, Agricultural Economics, and Consumers Economics in Food Industry.  Currently he is working on several papers focusing on different topics like “Modeling Rationally Inattentive Consumers’ Behavior in Residential Water Market”, “Divestiture May Fail as a Merger Remedy: The Case of the US Beer Industry”, “U.S. Ethanol Mandate, Agricultural Land Use, and Water Pollution”, “A Welfare Analysis of Charging Inattentive Consumers with Increasing Block Pricing”, and “Tax Avoidance for City-Level Sugar-Sweetened-Beverage Excise Tax: The Case of Berkeley”.

内容提要:

This talk is about consumer-side water management policy.  Rationally inattentive consumers tend to apply simplified heuristics for making decision.  We test the hypothesis of rational inattention in the context of residential water consumption where water bills typically account for a small enough portion of household expenditures that they attract only occasional attention.  We begin by rigorously testing whether residential water customers display evidence of rational inattention.  We then propose a heuristic water demand model for rationally inattentive consumers to explore their decision mechanism.  We predict out-of-sample water consumption to gauge the performance of this model.  Our heuristic demand model performs well relative to the discrete/continuous choice model predicated on attentive, fully informed decision makers.


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