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A Practitioner's Guide to Estimation of Random‐Coefficients Logit Models of Demand

A Practitioner's Guide to Estimation of Random‐Coefficients Logit Models of Demand Estimation of demand is at the heart of many recent studies that examine questions of market power, mergers, innovation, and valuation of new brands in differentiated‐products markets. This paper focuses on one of the main methods for estimating demand for differentiated products: random‐coefficients logit models. The paper carefully discusses the latest innovations in these methods with the hope of increasing the understanding, and therefore the trust among researchers who have never used them, and reducing the difficulty of their use, thereby aiding in realizing their full potential. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economics & Management Strategy Wiley

A Practitioner's Guide to Estimation of Random‐Coefficients Logit Models of Demand

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References (64)

Publisher
Wiley
Copyright
Copyright © 2000 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1058-6407
eISSN
1530-9134
DOI
10.1111/j.1430-9134.2000.00513.x
Publisher site
See Article on Publisher Site

Abstract

Estimation of demand is at the heart of many recent studies that examine questions of market power, mergers, innovation, and valuation of new brands in differentiated‐products markets. This paper focuses on one of the main methods for estimating demand for differentiated products: random‐coefficients logit models. The paper carefully discusses the latest innovations in these methods with the hope of increasing the understanding, and therefore the trust among researchers who have never used them, and reducing the difficulty of their use, thereby aiding in realizing their full potential.

Journal

Journal of Economics & Management StrategyWiley

Published: Dec 1, 2000

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