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In empirical demand, industrial organization, and labor economics, prices are often unobserved or unobservable since …-consistent demand analysis remains feasible in the presence of partially observed prices, and hence partially observed implied budget …
Persistent link: https://www.econbiz.de/10011284225
Estimating demand for wide assortments of differentiated goods requires the specification of a demand system that is … parameters within a log-linear demand system where the number of price elasticity parameters grows quadratically in the number of … elasticities and demand predictions can be improved by imposing shrinkage to higher-level group effects rather than zero …
Persistent link: https://www.econbiz.de/10013231133
dynamic consumer demand using product panel data. The conventional GMM estimation relies on two computationally intensive …
Persistent link: https://www.econbiz.de/10012940121
We propose a demand estimation method that allows for a large number of zerosale observations, rich unobserved … an empirical application of air travel demand. …
Persistent link: https://www.econbiz.de/10014496506
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In this paper, we propose a generic Bayesian framework for inference in distributional regression models in which each parameter of a potentially complex response distribution and not only the mean is related to a structured additive predictor. The latter is composed additively of a variety of...
Persistent link: https://www.econbiz.de/10010189552
In this paper, we propose a unified Bayesian approach for multivariate structured additive distributional regression analysis where inference is applicable to a huge class of multivariate response distributions, comprising continuous, discrete and latent models, and where each parameter of these...
Persistent link: https://www.econbiz.de/10010200433
In this work we study the large sample properties of the posterior-based inference in the curved exponential family under increasing dimension. The curved structure arises from the imposition of various restrictions, such as moment restrictions, on the model, and plays a fundamental role in...
Persistent link: https://www.econbiz.de/10014052183