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

DOI10.1016/J.ECONLET.2016.10.019zbMATH Open1396.91392OpenAlexW2535051040MaRDI QIDQ1668636FDOQ1668636

Authors: Jinhyuk Lee, Kyoungwon Seo 

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

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zbMATH Keywords

numerical methodsNewton's methodnested fixed-point algorithmrandom coefficients logit demand

Mathematics Subject Classification ID

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

Cites Work

• Optimal Replacement of GMC Bus Engines: An Empirical Model of Harold Zurcher
• Automobile Prices in Market Equilibrium
• Improving the numerical performance of static and dynamic aggregate discrete choice random coefficients demand estimation
• A method for finding sharp error bounds for Newton's method under the Kantorovich assumptions
• Comments on ``Convergence properties of the likelihood of computed dynamic models
• Comment on ``Constrained optimization approaches to estimation of structural models

Cited In (5)

• Improving the numerical performance of static and dynamic aggregate discrete choice random coefficients demand estimation
• Estimation of random coefficients logit demand models with interactive fixed effects
• Swapping the Nested Fixed Point Algorithm: A Class of Estimators for Discrete Markov Decision Models
• A computationally efficient fixed point approach to dynamic structural demand estimation
• Comment on ``Constrained optimization approaches to estimation of structural models

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