Estimating demand for spatially differentiated firms with unobserved quantities and limited price data

Charles Moul

Economics Letters, 2015, vol. 131, issue C, 50-53

Abstract: Extending the circular-city model, I derive a pricing equation that identifies key structural parameters from one firm’s data. Simulations indicate demand shifters and rotators can be distinguished, cost parameters are imprecise, and the likeliest specification error biases estimates toward zero.

Keywords: Spatial differentiation; Demand estimation; Monopolistic competition (search for similar items in EconPapers)
JEL-codes: D43 L13 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:131:y:2015:i:c:p:50-53

DOI: 10.1016/j.econlet.2015.03.034

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