A Gibbs Sampler for Mixed Logit Analysis of Differentiated Product Markets Using Aggregate Data.

In this paper we offer the Gibbs sampler as an alternative estimator to the the GMM procedure used by berry, Levinsohn, and Pakes (1995) (henceforth BLP) in their equilibrium differentiated product market analysis of the automobile industry.

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Year of publication:	2000
Authors:	Romeo, C.J.
Institutions:	Antitrust Division, Department of Justice
Subject:	MARKET STRUCTURE \| ENTERPRISES \| SIMULATION \| STATISTICS \| ECONOMIC MODELS

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Series:	U.S. Department of Justice - Antitrust Division.
Type of publication:	Book / Working Paper
Notes:	21 pages
Classification:	L10 - Market Structure, Firm Strategy, and Market Performance. General ; C11 - Bayesian Analysis ; C15 - Statistical Simulation Methods; Monte Carlo Methods ; C33 - Models with Panel Data
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005625634