NotesFAQContact Us
Collection
Advanced
Search Tips
Back to results
Peer reviewed Peer reviewed
ERIC Number: EJ696079
Record Type: Journal
Publication Date: 2004-Feb-1
Pages: 38
Abstractor: Author
ISBN: N/A
ISSN: ISSN-0022-3808
EISSN: N/A
Available Date: N/A
Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market
Berry, Steven; Levinsohn, James; Pakes, Ariel
Journal of Political Economy, v112 n1 p68 Feb 2004
In this paper, we consider how rich sources of information on consumer choice can help to identify demand parameters in a widely used class of differentiated products demand models. Most important, we show how to use "second-choice" data on automotive purchases to obtain good estimates of substitution patterns in the automobile industry. We use our estimates to make out-of-sample predictions about important recent changes in industry structure.
Descriptors: Industry
University of Chicago Press, Journals Division, P.O. Box 37005, Chicago, IL 60637. Tel: 773-753-3347; Web site: http://www.journal.uchicago.edu; e-mail: subscriptions@press.uchicago.edu
Publication Type: Journal Articles; Reports - General
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A
Author Affiliations: N/A