Improving the performance of random coefficients demand models: the role of optimal instruments

DOI10.1016/J.JECONOM.2013.12.001MaRDI QIDQ2512641zbMATH OpenOpenAlexFDO

Authors Mathias Reynaert, Frank Verboven

Publication date 7 August 2014

Published in Journal of Econometrics (Search for Journal in Brave)

Full work available at URL https://lirias.kuleuven.be/handle/123456789/350314

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Consumer behavior, demand theory (91B42) Statistical methods; economic indices and measures (91B82)

Recommendations

• Estimation of random coefficients logit demand models with interactive fixed effects
• Improving the numerical performance of static and dynamic aggregate discrete choice random coefficients demand estimation
• On asymptotic size distortions in the random coefficients logit model
• The random coefficients logit model is identified
• Random Effects Estimators with many Instrumental Variables

Cites work

• A structural approach to identifying the sources of local currency price stability
• Asymptotic efficiency in estimation with conditional moment restrictions
• Automobile Prices in Market Equilibrium
• Bayesian analysis of random coefficient logit models using aggregate data
• Connected substitutes and invertibility of demand
• Constrained optimization approaches to estimation of structural models
• Efficient Instrumental Variables Estimation of Nonlinear Models
• Improving the numerical performance of static and dynamic aggregate discrete choice random coefficients demand estimation
• Large Sample Properties of Generalized Method of Moments Estimators
• Likelihood approximation by numerical integration on sparse grids
• Limited Information and Advertising in the U.S. Personal Computer Industry
• Panel Data Econometrics
• The Maximum Likelihood and the Nonlinear Three-Stage Least Squares Estimator in the General Nonlinear Simultaneous Equation Model
• The random coefficients logit model is identified

Cited in

(11)

• Revisiting the nested fixed-point algorithm in BLP random coefficients demand estimation
• Subvector inference when the true parameter vector may be near or at the boundary
• A computationally efficient fixed point approach to dynamic structural demand estimation
• Estimation of random coefficients logit demand models with interactive fixed effects
• On asymptotic size distortions in the random coefficients logit model
• Instrument-free identification and estimation of differentiated products models using cost data
• Improving the numerical performance of static and dynamic aggregate discrete choice random coefficients demand estimation
• Semi-nonparametric estimation of random coefficients logit model for aggregate demand
• Structural estimation under misspecification: theory and implications for practice
• Simulation error and numerical instability in estimating random coefficient logit demand models
• Incorporating micro data into differentiated products demand estimation with PyBLP

Describes a project that uses

Uses Software

• nwSpGr

This page was built for publication: Improving the performance of random coefficients demand models: the role of optimal instruments

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2512641)