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Nonparametric Estimation of Demand with Switching Costs : the Case of Habitual Brand Loyalty

Kong, Xinyao; Dubé, Jean-Pierre H.; Daljord, Øystein - National Bureau of Economic Research - 2024

We study habitual brand loyalty, one of the earliest empirically-studied forms of switching costs and a classic source of structural state-dependence in consumer demand. Auxiliary instruments and economically-motivated restrictions can tighten nonparametric bounds on the extent of brand loyalty...

Persistent link: https://www.econbiz.de/10015072935

Nonparametric Discrete Choice Models With Unobserved Heterogeneity

Briesch, Richard; Chintagunta, Pradeep K.; Matzkin, Rosa L. - 2007

In this research, we provide a new method to estimate discrete choice models with unobserved heterogeneity that can be … functions and on the distributions of the unobservable random vectors and the heterogeneity parameter. The estimators are … heterogeneity distribution and 2) the increase in likelihood for adding non-linearities is similar to the increase in likelihood for …

Persistent link: https://www.econbiz.de/10014224603

An instrumental variable model of multiple discrete choice

Chesher, Andrew; Rosen, Adam M.; Smolinski, Konrad - In: Quantitative economics : QE ; journal of the … 4 (2013) 2, pp. 157-196

Persistent link: https://www.econbiz.de/10010126207

Microeconomic models with latent variables : applications of measurement error models in empirical industrial organization and labor economics

Hu, Yingyao - 2015

heterogeneity or unobserved state variables and panel data models with fixed effects. Recent developments in measurement error …

Persistent link: https://www.econbiz.de/10010469057

Applications of simulation methods in environmental and resource economics

Scarpa, Riccardo (ed.); Alberini, Anna (ed.) - 2005

Persistent link: https://www.econbiz.de/10003059064

Bayesian Estimation of Finite-Horizon Discrete Choice Dynamic Programming Models

Ishihara, Masakazu - 2016

researchers to incorporate flexible unobserved heterogeneity, which is often computationally infeasible in the conventional two …

Persistent link: https://www.econbiz.de/10012983458

Three minds equal Manjushari's wisdom : an anatomy of informal social learning with heterogenous agents by the hierarchical Bayesian approach

Satō, Masahiro; Ota, Rui; Ito, Arata; Yano, Makoto - 2020

Persistent link: https://www.econbiz.de/10014375371

Computational Bayesian statistics in transportation modeling : from road safety analysis to discrete choice

Daziano, Ricardo A.; Miranda-Moreno, Luis; Heydari, Shahram - In: Transport reviews : TR 33 (2013) 5, pp. 570-592

Persistent link: https://www.econbiz.de/10010228426

Integrated mixed logit and latent variable models

Danthurebandara, Vishva Manohara; Vandebroek, Martina; … - In: Marketing letters : a journal of research in marketing 24 (2013) 3, pp. 245-259

Persistent link: https://www.econbiz.de/10009786895

Do hedge funds provide liquidity? : evidence from their trades

Franzoni, Francesco; Plazzi, Alberto - 2013

The paper studies liquidity provision by institutional investors using trade-level data. We find that hedge fund trades are a more important predictor of stock-level liquidity than mutual fund trades. However, hedge funds' liquidity provision is more exposed to financial conditions than that of...

Persistent link: https://www.econbiz.de/10009750659