Discrete choice demand models are popular in applied analysis and can be estimated using market-level data on product shares and characteristics. The random parameters logit model is an extension to the traditional specification and can accommodate heterogeneity in consumer preferences and rich...

Consistency of the maximum likelihood estimators for the parameters in the standard Tobit model rely heavily on the assumption of a normally distributed error term. The Box Cox transformation presents an obvious attempt to preserve normality when the data make this questionable. This paper sets...

This paper analyses, using a comparative-static general equilibrium model built along neoclassical lines, a range of devaluation, monetary and wage policy mixes for the Chilean economy. By quantifying the short-run implications of each policy mix for key economic variables at the macroeconomic...