demand. In this paper, we develop and apply a finite mixture bivariate probit model to analyze whether there are …

Estimating demand for wide assortments of differentiated goods requires the specification of a demand system that is … parameters within a log-linear demand system where the number of price elasticity parameters grows quadratically in the number of … elasticities and demand predictions can be improved by imposing shrinkage to higher-level group effects rather than zero …