L. Andrews, Rick; Ebbes, Peter - In: Journal of Modelling in Management 9 (2014) 3, pp. 261-289
Purpose – This paper aims to investigate the effects of using poor-quality instruments to remedy endogeneity in logit-based demand models. Endogeneity problems in demand models occur when certain factors, unobserved by the researcher, affect both demand and the values of a marketing mix...