Differentiated Products Demand Systems from a Combination of Micro and Macro Data : The New Car Market

In this paper we provide an algorithm for estimating characteristic based demand models from alternative data sources, and apply it to new data on the market for passenger vehicles. We find that, provided care is taken in constructing the demand system and rich enough data are available, the characteristic based model can both rationalize existing results and provide realistic out of sample predictions

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Year of publication:	2003
Authors:	Berry, Steven ; Levinsohn, James Alan ; Pakes, Ariel
Publisher:	[S.l.] : SSRN
Subject:	Kfz-Markt \| Automotive market \| Theorie \| Theory \| Produktdifferenzierung \| Product differentiation \| Nachfragesystem \| Demand system \| Verbraucher \| Consumers

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Extent:	1 Online-Ressource (36 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 2001 erstellt
Classification:	D43 - Oligopoly and Other Forms of Market Imperfection
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014122935