Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market

S-Tier
Journal: Journal of Political Economy
Year: 2004
Volume: 112
Issue: 1
Pages: 68-105

Score contribution per author:

2.681 = (α=2.01 / 3 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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 our estimates to make out-of-sample predictions about important recent changes in industry structure.

Technical Details

RePEc Handle
repec:ucp:jpolec:v:112:y:2004:i:1:p:68-105
Journal Field
General
Author Count
3
Added to Database
2026-01-24