The Berry–Levinsohn–Pakes estimator of the random-coefficients logit demand model

David W. Vincent ()
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David W. Vincent: Deloitte Economic Consulting

Stata Journal, 2015, vol. 15, issue 3, 854-880

Abstract: In this article, I describe the algorithm proposed by Berry, Levinsohn, and Pakes (1995, Econometrica 63: 841–890) to fit the random-parameters logit demand model from product market shares. I present a new command, blp, for this estimator. Copyright 2015 by StataCorp LP.

Keywords: blp; logit model; elasticities; contraction mapping; GMM; random coefficients; optimal instruments (search for similar items in EconPapers)
Date: 2015
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