Toro-Gonzalez, Daniel; Yan, Jia; Gallardo, R. Karina; … - School of Economic Sciences, Washington State University - 2013
We analyze consumers’ demand for mint gum accounting for product heterogeneity and unobservable, to the econometrician, flavor quality. We use the control function (CF) approach in the context of a discrete choice logit model in an oligopolistic framework, where price-setting firms...