Automobile Prices in Market Equilibrium

Steven Berry (), James Levinsohn and Ariel Pakes

Econometrica, 1995, vol. 63, issue 4, pages 841-90

Abstract: This paper develops techniques for empirically analyzing demand and supply in differentiated product markets and then applies these techniques to the U.S. automobile industry. The authors' framework enables one to obtain estimates of demand and cost parameters for a class of oligopolistic differentiated products markets. These estimates can be obtained using only widely available product-level and aggregate consumer-level data, and they are consistent with a structural model of equilibrium in an oligopolistic industry. Applying these techniques, the authors obtain parameters for essentially all autos sold over a twenty-year period. Copyright 1995 by The Econometric Society.

Date: 1995
View citations in EconPapers

Downloads: (external link)
http://links.jstor.org/sici?sici=0012-9682%2819950 ... O%3B2-U&origin=repec full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ecm:emetrp:v:63:y:1995:i:4:p:841-90

Ordering information: This journal article can be ordered from
http://www.blackwell ... mb.asp?ref=0012-9682

Access Statistics for this article

Econometrica is edited by Stephen Morris

More articles in Econometrica from Econometric Society
Contact information at EDIRC.
Series data maintained by Christopher F. Baum ().