@ARTICLE{19010539_1994,
author = {Berry, Steven T.},
keywords = {applied econometrics, demand analysis, oligopoly, анализ спроса, анализ спроса и предложения, математическое моделирование, олигополия},
title = {Estimating Discrete-Choice Models of Product Differentiation},
journal = {RAND Journal of Economics},
year = {1994},
month = {},
volume = {25},
number = {2},
pages = {242-262},
url = {http://ecsocman.hse.ru/text/19010539/},
publisher = {},
language = {ru},
abstract = {This article considers the problem of "supply-and-demand" analysis on
a cross section of oligopoly markets with differentiated products.
The primary methodology is to assume that demand can be described by
a discrete-choice model and that prices are endogenously determined
by price-setting firms. In contrast to some previous empirical work,
the techniques explicitly allow for the possibility that prices are
correlated with unobserved demand factors in the cross section of
markets. The article proposes estimation by "inverting" the
market-share equation to find the implied mean levels of utility for
each good. This method allows for estimation by traditional
instrumental variables techniques. },
annote = {This article considers the problem of "supply-and-demand" analysis on
a cross section of oligopoly markets with differentiated products.
The primary methodology is to assume that demand can be described by
a discrete-choice model and that prices are endogenously determined
by price-setting firms. In contrast to some previous empirical work,
the techniques explicitly allow for the possibility that prices are
correlated with unobserved demand factors in the cross section of
markets. The article proposes estimation by "inverting" the
market-share equation to find the implied mean levels of utility for
each good. This method allows for estimation by traditional
instrumental variables techniques. }
}