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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
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
Nonlinear pricing is prevalent in industries such as health care, public utilities, and telecommunications. However, nonlinear pricing in these sectors causes bias when estimating elasticities for welfare analysis or policy changes. This paper develops a local elasticity estimation method that...
Persistent link: https://www.econbiz.de/10013087304
waves. The empirical focus concerns the estimation of a structural demand model for the US railroad industry. Then, the … demand estimates are used to compute the evolution of the mark-ups, the quality of the freight services provided, and the … explicitly into account this attrition issue. I find that the algorithm produces more plausible estimates of demand coefficients …
Persistent link: https://www.econbiz.de/10009753344
This paper is motivated by our attempt to answer an empirical question: how is private health insurance take-up in Australia affected by the income threshold at which the Medicare Levy Surcharge (MLS) kicks in? We propose a new difference de-convolution kernel estimator for the location and size...
Persistent link: https://www.econbiz.de/10011309141
has documented that finite-sample bias in the demand estimation problem of Berry, Levinsohn, and Pakes (1995) is often …
Persistent link: https://www.econbiz.de/10013075514