Revisiting the nested fixed-point algorithm in BLP random coefficients demand estimation

DOI10.1016/j.econlet.2016.10.019zbMath1396.91392OpenAlexW2535051040MaRDI QIDQ1668636

Kyoungwon Seo, Jinhyuk Lee

Publication date: 29 August 2018

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2016.10.019

zbMATH Keywords

Newton's methodnumerical methodsnested fixed-point algorithmrandom coefficients logit demand

Mathematics Subject Classification ID

Fixed-point and coincidence theorems (topological aspects) (54H25) Consumer behavior, demand theory (91B42) Algorithms for approximation of functions (65D15)

Related Items (1)

A computationally efficient fixed point approach to dynamic structural demand estimation

Cites Work

• A method for finding sharp error bounds for Newton's method under the Kantorovich assumptions
• Improving the Numerical Performance of Static and Dynamic Aggregate Discrete Choice Random Coefficients Demand Estimation
• Optimal Replacement of GMC Bus Engines: An Empirical Model of Harold Zurcher
• Comments on Convergence Properties of the Likelihood of Computed Dynamic Models
• Comment on "Constrained Optimization Approaches to Estimation of Structural Models"
• Automobile Prices in Market Equilibrium

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