Differentiated products demand systems from a combination of micro and macro data: The new car market

被引：272

作者：

Berry, S ^{[1
]}

Levinsohn, J

Pakes, A

机构：

[1] Yale Univ, New Haven, CT 06520 USA

[2] Natl Bur Econ Res, Cambridge, MA 02138 USA

[3] Univ Michigan, Ann Arbor, MI 48109 USA

[4] Harvard Univ, Cambridge, MA 02138 USA

来源：

JOURNAL OF POLITICAL ECONOMY | 2004年 / 112卷 / 01期

基金：

美国国家科学基金会;

关键词：

D O I：

10.1086/379939

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper, we consider how rich sources of information on consumer choice can help to identify demand parameters in a widely used class of differentiated products demand models. Most important, we show how to use "second-choice" data on automotive purchases to obtain good estimates of substitution patterns in the automobile industry. We use our estimates to make out-of-sample predictions about important recent changes in industry structure.

引用

页码：68 / 105

页数：38

共 27 条

[1]

Anderson S.P., 1992, DISCRETE CHOICE THEO

[2] AUTOMOBILE PRICES IN MARKET EQUILIBRIUM [J].