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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
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
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
The shocks in structural vector autoregressive (VAR) analysis are typically assumed to be instantaneously uncorrelated. This condition may easily be violated in proxy VAR models if more than one shock is identified by a proxy variable. Correlated shocks may be obtained even if the proxies are...
Persistent link: https://www.econbiz.de/10014633772
In econometrics some nonparametric instrumental regression models and nonparametric demand models with endogeneity lead …
Persistent link: https://www.econbiz.de/10011392754