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Aggregate demand 1 Consumption theory 1 Demand 1 Discrete choice 1 Diskrete Entscheidung 1 Gesamtwirtschaftliche Nachfrage 1 Konsumtheorie 1 Logit model 1 Logit-Modell 1 Microeconometrics 1 Mikroökonometrie 1 Nachfrage 1 Parallel demands 1 Product differentiation 1 Product variety 1 Produktdifferenzierung 1 Präferenztheorie 1 Theory of preferences 1
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English 1
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Kroft, Kory 1 Leal-Vizcaíno, René 1 Notowidigdo, Matthew J. 1 Wang, Ting 1
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Economic theory 1
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Parallel inverse aggregate demand curves in discrete choice models
Kroft, Kory; Leal-Vizcaíno, René; Notowidigdo, Matthew J. - In: Economic theory 74 (2022) 3, pp. 923-946
) distribution. Using results from Extreme Value Theory, we provide conditions for other distributions to generate parallel demands … asymmetric products. Lastly, we provide a “proof of concept” of parallel demands as an economic tool by showing how to use … parallel demands to identify the change in consumer surplus from an exogenous change in product variety. …
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