000 03013cam a22004217 4500
001 w21500
003 NBER
005 20211020105517.0
006 m o d
007 cr cnu||||||||
008 210910s2015 mau fo 000 0 eng d
100 1 _aBerry, Steven T.
245 1 0 _aIdentification in Differentiated Products Markets /
_cSteven T. Berry, Philip Haile.
260 _aCambridge, Mass.
_bNational Bureau of Economic Research
_c2015.
300 _a1 online resource:
_billustrations (black and white);
490 1 _aNBER working paper series
_vno. w21500
500 _aAugust 2015.
520 3 _aEmpirical models of demand for-and, often, supply of-differentiated products are widely used in practice, typically employing parametric functional forms and distributions of consumer heterogeneity. We review some recent work studying identification in a broad class of such models. This work shows that parametric functional forms and distributional assumptions are not essential for identification. Rather, identification relies primarily on the standard requirement that instruments be available for the endogenous variables-here, typically, prices and quantities. We discuss the kinds of instruments needed for identification and how the reliance on instruments can be reduced by nonparametric functional form restrictions or better data. We also discuss results on discrimination between alternative models of oligopoly competition.
530 _aHardcopy version available to institutional subscribers
538 _aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538 _aMode of access: World Wide Web.
588 0 _aPrint version record
690 7 _aC3 - Multiple or Simultaneous Equation Models • Multiple Variables
_2Journal of Economic Literature class.
690 7 _aC35 - Discrete Regression and Qualitative Choice Models • Discrete Regressors • Proportions
_2Journal of Economic Literature class.
690 7 _aC36 - Instrumental Variables (IV) Estimation
_2Journal of Economic Literature class.
690 7 _aC52 - Model Evaluation, Validation, and Selection
_2Journal of Economic Literature class.
690 7 _aC57 - Econometrics of Games and Auctions
_2Journal of Economic Literature class.
690 7 _aD12 - Consumer Economics: Empirical Analysis
_2Journal of Economic Literature class.
690 7 _aD22 - Firm Behavior: Empirical Analysis
_2Journal of Economic Literature class.
690 7 _aD43 - Oligopoly and Other Forms of Market Imperfection
_2Journal of Economic Literature class.
690 7 _aL13 - Oligopoly and Other Imperfect Markets
_2Journal of Economic Literature class.
700 1 _aHaile, Philip.
710 2 _aNational Bureau of Economic Research.
830 0 _aWorking Paper Series (National Bureau of Economic Research)
_vno. w21500.
856 4 0 _uhttps://www.nber.org/papers/w21500
856 _yAcceso en lĂ­nea al DOI
_uhttp://dx.doi.org/10.3386/w21500
942 _2ddc
_cW-PAPER
999 _c326622
_d285184