A Factor-Analytic Probit Model for Representing the Market Structure in Panel Data

Terry Elrod and Michael Keane ()

MPRA Paper from University Library of Munich, Germany

Abstract: Internal market structure analysis infers both brand attributes and consumer preferences for those attributes from preference or choice data. The authors exploit a new method for estimating probit models from panel data to infer market structures that can be displayed in few dimensions, even though the model can represent every possible vector of purchase probabilities.

Keywords: Probit Model; Factor Analysis; Discrete Choice; Heterogeneity; Simulation based inference; Scanner data; Panel data (search for similar items in EconPapers)
JEL-codes: C15 C33 C35 C38 C52 L1 M31 (search for similar items in EconPapers)
Date: 1995-02
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Citations: View citations in EconPapers (96)

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