.6% increase in consumer demand attributable to the employment of a group buying mechanism. Through counterfactual analysis, we …

has documented that finite-sample bias in the demand estimation problem of Berry, Levinsohn, and Pakes (1995) is often …

This paper develops an alternative approach for demand estimation. Taking willingness to pay as model primitive, it … establishes a general and yet analytically simple demand function, and proposes an estimation procedure that uses survey to … solicit consumers' willingness to pay with which the underlying demand function can be consistently estimated using the …

group rather than the true individual value. In consumer demand this form of measurement error is present because the price … show the importance of such measurement errors for the estimation of demand in a setting with nonseparable unobserved … heterogeneity. We develop a consistent estimator using external information on the true distribution of prices. Examining the demand …