Estimation of Random Coefficients Logit Demand Models with Interactive Fixed Effects
نویسندگان
چکیده
منابع مشابه
Estimation of random coefficients logit demand models with interactive fixed effects
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 be arbitrarily correlated with the observed product characteristics (including price), which accommod...
متن کاملDivision of the Humanities and Social Sciences California Institute of Technology Pasadena, California 91125 Estimation of Random Coefficients Logit Demand Models with Interactive Fixed Effects
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 be arbitrarily correlated with the observed product characteristics (including price), which accommod...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2017
ISSN: 1556-5068
DOI: 10.2139/ssrn.2943607