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This paper constructs estimators for panel data regression models with individual specific heterogeneity and two … portfolio choice. The idea behind the estimators can also be used in a cross sectional setting. -- Panel Data ; Censored …
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We extend the Berry, Levinsohn and Pakes (BLP, 1995) random coefficients discretechoice demand model, which underlies much recent empirical work in IO. We add interactive fixed effects in the form of a factor structure on the unobserved product characteristics. The interactive fixed effects can...
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