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

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 â€œsecondâ€choiceâ€ data on automotive purchases to obtain good estimates of substitution patterns in the automobile industry. We use our estimates to make outâ€ofâ€sample predictions about important recent changes in industry structure.

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Year of publication:	2004
Authors:	Levinsohn, James ; Berry, Steven ; Pakes, Ariel
Institutions:	Department of Economics, Harvard University

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Extent:	application/pdf
Series:	Scholarly Articles.
Type of publication:	Book / Working Paper
Notes:	Published in Journal of Political Economy -Chicago-
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010859204