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A Conic Algorithm for the Group Minimization Problem
Simeone, Bruno - 1976
A new algorithm for the group minimization problem (GP) is proposed. The algorithm can be broadly described as follows …-known algorithm of Glover, and checked for non-negativity. The first non-negative point is an optimal solution of (GP). Advantages and … disadvantages of the algorithm are discussed; in particular, the implementation of the algorithm (which can be easily extended so as …
Persistent link: https://www.econbiz.de/10012478970
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Improving the Numerical Performance of BLP Static and Dynamic Discrete Choice Random Coefficients Demand Estimation
Dubé, Jean-Pierre H. - 2009
theory results characterizing the properties of the nested fixed point algorithm used to evaluate the objective function of …
Persistent link: https://www.econbiz.de/10012463658
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Incorporating Search and Sales Information in Demand Estimation
Hortaçsu, Ali; Natan, Olivia R.; Parsley, Hayden; … - National Bureau of Economic Research - 2021
We propose an approach to modeling and estimating discrete choice demand that allows for a large number of zero sale observations, rich unobserved heterogeneity, and endogenous prices. We do so by modeling small market sizes through Poisson arrivals. Each of these arriving consumers then solves...
Persistent link: https://www.econbiz.de/10012794558
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Applied Welfare Economics with Discrete Choice Models
Rosen, Harvey S. - 1979
Economists have been paying increasing attention to the study of situations in which consumers face a discrete rather than a continuous set of choices. Such models are potentially very important in evaluating the impact of government programs upon consumer welfare. But very little has been said...
Persistent link: https://www.econbiz.de/10012478830
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Demand and Welfare Analysis in Discrete Choice Models with Social Interactions
Bhattacharya, Debopam - 2019
Many real-life settings of consumer-choice involve social interactions, causing targeted policies to have spillover-effects. This paper develops novel empirical tools for analyzing demand and welfare-effects of policy-interventions in binary choice settings with social interactions. Examples...
Persistent link: https://www.econbiz.de/10012479897
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Nonparametric Identification of Differentiated Products Demand Using Micro Data
Berry, Steven T. - 2020
A recent literature considers the identification of heterogeneous demand and supply models via "quasi-experimental'' variation, as from instrumental variables. In this paper we establish nonparametric identification of differentiated products demand when one has "micro data'' linking...
Persistent link: https://www.econbiz.de/10012481252
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Empirical Models of Consumer Behavior
Nevo, Aviv - 2010
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...
Persistent link: https://www.econbiz.de/10012462147
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Estimating Dynamic Discrete Choice Models with Hyperbolic Discounting, with an Application to Mammography Decisions
Fang, Hanming - 2010
We extend the semi-parametric estimation method for dynamic discrete choice models using Hotz and Miller's (1993) conditional choice probability (CCP) approach to the setting where individuals may have hyperbolic discounting time preferences and may be naive about their time inconsistency. We...
Persistent link: https://www.econbiz.de/10012462218
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An Economic Model of Amniocentesis Choice
Fajnzylber, Eduardo - 2010
Medical practitioners typically utilize the following protocol when advising pregnant women about testing for the possibility of genetic disorders: Pregnant women over the age of 35 should be tested for Down syndrome and other genetic disorders; for younger women, such tests are discouraged...
Persistent link: https://www.econbiz.de/10012462351
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Reconsidering the Economics of Demand Analysis with Kinked Budget Constraints
Strong, Aaron - 2008
This paper has two objectives. First, we identify a problem with the ability of the discrete-continuous choice (DCC) framework and conditional demand functions to fully describe consumer preferences in the presence of kinked budget constraints. Second, we propose and illustrate an alternative,...
Persistent link: https://www.econbiz.de/10012464344