Azari Soufiani, Hossein; Diao, Hansheng; Lai, Zhenyu; … - Department of Economics, Harvard University - 2013
We propose a model for demand estimation in multi-agent, differentiated product settings and present an estimation algorithm that uses reversible jump MCMC techniques to classify agents' types. Our model extends the popular setup in Berry, Levinsohn and Pakes (1995) to allow for the data-driven...
