Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market
Опубликовано на портале: 22-03-2007
Journal of Political Economy.
2004.
Vol. 112.
No. 1.
P. 68-105.
Тематический раздел:
In this paper, we exploit new sources of cross-sectional data to estimate a detailed
product-level demand system for new passenger vehicles. We use four data sources:
on the characteristics of products, on the attributes of the U.S. population of households,
on the match between the first and second vehicle choices of the household, and on
the match between households attributes and first choice vehicles. We show that these
data solve some, but not all, of the traditional problems in estimating differentiated
products demand systems and indicate which data sources are important for which problem.
The data is rich enough to reveal a rather complex substitution pattern, requiring
a quite general modeling framework. Together the data and model make a detailed analysis
of industry demand possible.
Ключевые слова
applied econometrics автомобильная промышленность математическое моделирование пассажирские перевозки пассажирский транспорт прикладная эконометрика
См. также:
[Интернет-ресурс]
On the Relation between the Expected Value and the Volatility of the Nominal Excess
Return on Stocks
Journal of Finance.
1993.
Vol. 48.
No. 5.
P. 1779-1801.
[Статья]
[Книга]