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A Pure Characteristics Demand Model for Automobile Variants
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Thomassen, Oyvind | - |
dc.date.accessioned | 2014-06-02T01:14:08Z | - |
dc.date.available | 2014-06-02T01:14:08Z | - |
dc.date.issued | 2014-04 | - |
dc.identifier.citation | Seoul Journal of Economics, Vol.27 No.2, pp. 187-222 | - |
dc.identifier.issn | 1225-0279 | - |
dc.identifier.uri | https://hdl.handle.net/10371/91969 | - |
dc.description.abstract | This paper suggests a way to estimate a structural demand model for differentiated products using a single cross section of productlevel data. Bajari and Benkard (2005) use revealed-preference bounds for the taste coefficients. In order to obtain point estimates, I modify their model in two ways. First, I impose additional bounds on the willingness to pay for characteristics, based on the price consumers actually paid for the product they purchased. Secondly, I make an assumption about the distribution of taste coefficients within the bounds for each product. I estimate the model with data on new car sales in Norway. | - |
dc.language.iso | en | - |
dc.publisher | Institute of Economic Research, Seoul National University | - |
dc.subject | Discrete choice | - |
dc.subject | Demand estimation | - |
dc.subject | Differentiated products | - |
dc.subject | Automobiles | - |
dc.title | A Pure Characteristics Demand Model for Automobile Variants | - |
dc.type | SNU Journal | - |
dc.citation.journaltitle | Seoul Journal of Economics | - |
dc.citation.endpage | 222 | - |
dc.citation.number | 2 | - |
dc.citation.pages | 187-222 | - |
dc.citation.startpage | 187 | - |
dc.citation.volume | 27 | - |
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