Large Market Asymptotics for Differentiated Product Demand Estimators With Economic Models of Supply.

IO economists often estimate demand for differentiated products using data sets with a small number of large markets. This paper addresses the question of consistency and asymptotic distributions of instrumental variables estimates as the number of products increases in some commonly used models of...

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Bibliographic Details

Published in:	Econometrica Vol. 84; no. 5; pp. 1961 - 1981
Main Author:	Armstrong, Timothy B.
Format:	Article
Published:	Wiley-Blackwell Sep2016
Subjects:	Industrial organization (Economic theory) Supply & demand Economic models Nash equilibrium Monte Carlo method
Online Access:	View this record in EBSCOhost