A Bayesian approach to the spatial representation of market structure from consumer choice data (Q1806808)

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A Bayesian approach to the spatial representation of market structure from consumer choice data
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    A Bayesian approach to the spatial representation of market structure from consumer choice data (English)
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    22 March 2001
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    A new multidimensional scaling methodology for the spatial representation of market structure, based on stated preference data is proposed. The authors use Bayesian approach. They use the Metropolis-Hastings algorithm for estimation. Convergence and selection of the number of dimension are discussed. Application of the method to a portable telephone survey is given. A number of areas of future research are identified.
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    multidimensional scaling
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    Bayesian analysis
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    choice models
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    competitive market structure
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