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Industry | 1 |
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Journal of Political Economy | 1 |
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Berry, Steven | 1 |
Levinsohn, James | 1 |
Pakes, Ariel | 1 |
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Berry, Steven; Levinsohn, James; Pakes, Ariel – Journal of Political Economy, 2004
In this paper, we consider how rich sources of information on consumer choice can help to identify demand parameters in a widely used class of differentiated products demand models. Most important, we show how to use "second-choice" data on automotive purchases to obtain good estimates of substitution patterns in the automobile industry. We use…
Descriptors: Industry