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identification of discrete choice models of demand, we exploit shape restrictions on demand implied by discrete choice to generate a …In this paper we introduce a new approach to estimating a differentiated product demand system that allows for error in … demand estimation techniques. Although we find that error in market shares generally undermine the standard point …
Persistent link: https://www.econbiz.de/10009707190
In this paper, we introduce a new approach to estimating differentiated product demand systems that allows for products … with zero sales in the data. Zeroes in demand are a common problem in differentiated product markets, but fall outside the … scope of existing demand estimation techniques. We show that with a lower bound imposed on the expected sales quantities, we …
Persistent link: https://www.econbiz.de/10014308562
Persistent link: https://www.econbiz.de/10012196773
for estimating demand elasticities. Soderbery (2015) extended this estimator and created a routine which was shown to be …
Persistent link: https://www.econbiz.de/10012508683
This paper introduces a panel GMM framework for identifying and estimating demand elasticities via heteroscedasticity …
Persistent link: https://www.econbiz.de/10015073836
In absence of randomized controlled experiments, identification is often aimed via instrumental variable (IV … design credible identification strategies, aforemost finding candidates for valid instruments. We discuss prominent IV …
Persistent link: https://www.econbiz.de/10011962295
In absence of randomized controlled experiments, identification is often aimed via instrumental variable (IV … design credible identification strategies, aforemost finding candidates for valid instruments. We discuss prominent IV …
Persistent link: https://www.econbiz.de/10011972484
Persistent link: https://www.econbiz.de/10011897680
We propose a demand model where consumers simultaneously choose a few different goodsfrom a large menu of available … goods, and choose how much to consume of each good. Themodel nests multinomial discrete choice and continuous demand systems … purchasing different numbers of typesof goods. We show semiparametric identification of the model. We apply the model to …
Persistent link: https://www.econbiz.de/10012101423
I consider linear panel data models with unobserved factor structures when the number of time periods is small relative to the number of cross-sectional units. I examine two popular methods of estimation: the first eliminates the factors with a parameterized quasi-long-differencing (QLD)...
Persistent link: https://www.econbiz.de/10013556881