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. …