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We study a variant of a random utility model that takes a probability distribution over preference relations as its primitive. We do not model products using a space of observed characteristics. The distribution of preferences is only partially identified using cross-sectional data on varying...
Persistent link: https://www.econbiz.de/10013121042
We study a variant of a random utility model that takes a probability distribution over preference relations as its primitive. We do not model products using a space of observed characteristics. The distribution of preferences is only partially identified using cross-sectional data on varying...
Persistent link: https://www.econbiz.de/10012461312
Persistent link: https://www.econbiz.de/10011285536
We develop an estimator for the parameters of a utility function that has interactions between the unobserved demand error and observed factors including price. We show that the Berry (1994)/Berry, Levinsohn, and Pakes (1995) inversion and contraction can still be used to recover the mean...
Persistent link: https://www.econbiz.de/10013128265
"We develop an estimator for the parameters of a utility function that has interactions between the unobserved demand error and observed factors including price. We show that the Berry (1994)/Berry, Levinsohn, and Pakes (1995) inversion and contraction can still be used to recover the mean...
Persistent link: https://www.econbiz.de/10008936229
Persistent link: https://www.econbiz.de/10008698450
Persistent link: https://www.econbiz.de/10011705259
We develop an estimator for the parameters of a utility function that has interactions between the unobserved demand error and observed factors including price. We show that the Berry (1994)/Berry, Levinsohn, and Pakes (1995) inversion and contraction can still be used to recover the mean...
Persistent link: https://www.econbiz.de/10012461763
Persistent link: https://www.econbiz.de/10002038559
Persistent link: https://www.econbiz.de/10002369165