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We propose a demand model where consumers simultaneously choose a few different goodsfrom a large menu of available … goods, and choose how much to consume of each good. Themodel nests multinomial discrete choice and continuous demand systems … World Panel. Using our parameter estimates, weestimate a matrix of demand elasticities for 27 categories of fruit and …
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We propose a demand estimation method that allows for a large number of zerosale observations, rich unobserved … consumers solves a standard discrete choice problem. We present a Bayesian IV estimation approach that addresses sampling error … an empirical application of air travel demand. …
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