Foundations of Demand Estimation /
Berry, Steven T.
Foundations of Demand Estimation / Steven T. Berry, Philip A. Haile. - Cambridge, Mass. National Bureau of Economic Research 2021. - 1 online resource: illustrations (black and white); - NBER working paper series no. w29305 . - Working Paper Series (National Bureau of Economic Research) no. w29305. .
September 2021.
Demand elasticities and other features of demand are critical determinants of the answers to most positive and normative questions about market power or the functioning of markets in practice. As a result, reliable demand estimation is an essential input to many types of research in Industrial Organization and other fields of economics. This chapter presents a discussion of some foundational issues in demand estimation. We focus on the distinctive challenges of demand estimation and strategies one can use to overcome them. We cover core models, alternative data settings, common estimation approaches, the role and choice of instruments, and nonparametric identification.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
Foundations of Demand Estimation / Steven T. Berry, Philip A. Haile. - Cambridge, Mass. National Bureau of Economic Research 2021. - 1 online resource: illustrations (black and white); - NBER working paper series no. w29305 . - Working Paper Series (National Bureau of Economic Research) no. w29305. .
September 2021.
Demand elasticities and other features of demand are critical determinants of the answers to most positive and normative questions about market power or the functioning of markets in practice. As a result, reliable demand estimation is an essential input to many types of research in Industrial Organization and other fields of economics. This chapter presents a discussion of some foundational issues in demand estimation. We focus on the distinctive challenges of demand estimation and strategies one can use to overcome them. We cover core models, alternative data settings, common estimation approaches, the role and choice of instruments, and nonparametric identification.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.