文章基本信息

标题："Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market" (November 2001)
本地全文：下载
作者：Steven Berry ; James Levinsohn ; Ariel Pakes 等
期刊名称：COWLES Foundation Discussion Paper / Cowles Foundation for Research in Economics
出版年度：2001
卷号：2001
期号：1
出版社：Yale University
摘要：In this paper we provide an algorithm for estimating characteristic based demand models from alternative data sources, and apply it to new data on the market for passenger vehicles. We find that, provided care is taken in constructing the demand system and rich enough data are available, the characteristic based model can both rationalize existing results and provide realistic out of sample predictions.
关键词：Product Differentiation; Autos; Demand Estimation