EconPapers    
Economics at your fingertips  
 

Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market

Steven Berry (), James Levinsohn and Ariel Pakes ()

No 1337, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: In this paper we provide an algorithm for estimating characteristic based demand models from alternative data sources, and apply it to new data on the market for passenger vehicles. We find that, provided care is taken in constructing the demand system and rich enough data are available, the characteristic based model can both rationalize existing results and provide realistic out of sample predictions.

Keywords: Product Differentiation; Autos; Demand Estimation (search for similar items in EconPapers)
JEL-codes: D43 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent and nep-net
Date: 2001-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (29) Track citations by RSS feed

Published in Journal of Political Economy (2004), 112(1): 68-104

Downloads: (external link)
http://cowles.yale.edu/sites/default/files/files/pub/d13/d1337.pdf (application/pdf)

Related works:
Journal Article: Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market (2004) Downloads
Working Paper: Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market (2004) Downloads
Working Paper: Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market (1998) Downloads
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: https://EconPapers.repec.org/RePEc:cwl:cwldpp:1337

Ordering information: This working paper can be ordered from
Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA
The price is None.

Access Statistics for this paper

More papers in Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University Yale University, Box 208281, New Haven, CT 06520-8281 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Matthew Regan ().

 
Page updated 2019-09-14
Handle: RePEc:cwl:cwldpp:1337