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

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

Scholarly Articles from Harvard University Department of Economics

Abstract: In this paper, we consider how rich sources of information on consumer choice can help to identify demand parameters in a widely used class of differentiated products demand models. Most important, we show how to use “second†choice†data on automotive purchases to obtain good estimates of substitution patterns in the automobile industry. We use our estimates to make out†of†sample predictions about important recent changes in industry structure.

Date: 2004
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Published in Journal of Political Economy -Chicago-

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http://dash.harvard.edu/bitstream/handle/1/3436404 ... entiatedProducts.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 (2001) Downloads
Working Paper: Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market (1998) Downloads
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