Lopez, Rigoberto A.; Matschke, Xenia - Department of Agricultural and Resource Economics, … - 2011
We apply the Berry, Levinsohn, and Pakes (1995) market equilibrium model to data from 30 brands of beers sold in 12 U.S. cities over 20 quarters (1988-92) to estimate the consumers’ taste for beer characteristics (price, alcohol content, and calories) as well as for the cultural region of...