Empirical models of consumer behavior

Models of consumer behavior play a key role in modern empirical Industrial Organization. In this paper, I survey some of the models used in this literature. In particular, I discuss two commonly used demand systems: multi-stage budgeting approaches and discrete choice models. I motivate their use and highlight some key modeling assumptions. I next briefly discuss key issues of estimation, and conclude by summarizing some extensions.

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Year of publication:	2010
Authors:	Nevo, Aviv
Publisher:	Evanston, IL : Northwestern University, Center for the Study of Industrial Organization (CSIO)
Subject:	Industrieökonomik \| Marktstruktur \| Konsumentenverhalten \| Diskrete Entscheidung \| Nachfragesystem \| Theorie \| Industrial Organization \| Demand Estimation \| Differentiated Products \| Almost Ideal Demand System \| Discrete Choice

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Series:	CSIO Working Paper ; 0106
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	641064683 [GVK] hdl:10419/92466 [Handle]
Source:	EconStor

Persistent link: https://www.econbiz.de/10010332107