Estimating a Differentiated Products Model with a Discrete/Continuous Choice and Limited Data

David Prentice

MPRA Paper from University Library of Munich, Germany

Abstract: This paper specifies a vertically differentiated products model for a product with a discrete/continuous choice. The model is easily estimated with the relatively limited data used in classical demand equation estimation, supplemented by readily available market characteristics data. The model, with some modifications, is estimated with a new dataset (by state and region) for the U.S. Portland cement industry. Plausible patterns of own and cross price elasticities are obtained. The role of market characteristics is estimated generalizing the applicability of the results to other markets and periods.

Keywords: Vertical Differentiation; Demand; Portland Cement; United States (search for similar items in EconPapers)
JEL-codes: L11 L61 R34 (search for similar items in EconPapers)
Date: 2000-12
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Estimating a Differentiated Products Model with a Discrete/Continuous Choice and Limited Data (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:28681

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