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emphasized in the recent trade and macro literatures. Using Nielsen barcode data on prices and sales, we estimate elasticities of … find that variation in firm quality and product scope explains at least four fifths of the variation in firm sales. Most … account for most of aggregate sales depart substantially from this benchmark. Although the output of multiproduct firms is …
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The Berry, Levinsohn, and Pakes (1995, BLP) model is widely used to obtain parameter estimates of market forces in differentiated product markets. The results are often used as an input to evaluate economic activity in a structural model of demand and supply. Precise estimation of parameter...
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