In light of recent calls for further validation of structural models, this paper evaluates the popular Dynamic Quality Ladder model of the Ericson and Pakes (1995) empirical framework using the nonrandom holdout approach of Keane and Wolpin (2007). The model is used to predict data following a...

This document contains supporting materials for the following article: Price Advertising by Manufacturers and Dealers by Linli Xu, Kenneth C. Wilbur, S. Siddarth, and Jorge M. Silva-Risso. The paper "Price Advertising by Manufacturers and Dealers" to which these Appendices apply is available at...

The central prediction of the current paper is that manufacturer price advertising may be a less effective tool for influencing demand than retailer price advertising. We manipulate the source of a price advertisement in an experiment run on a sample of pick-up truck owners. Manufacturer price...