Estimating multiple-discrete choice models: an application to computerization returns.
Buyers in many markets face multiple-discrete choices: they can purchase multiple-units as well as multiple-brands at the same time. This paper presents a multiple-discrete choice model for the analysis of differentiated products demand. Users maximize profits by choosing the number of units of ea...
| Publicado en: | Review of Economic Studies no. 227; pp. 423 - 447 |
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| Formato: | Artículo |
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Oxford University Press / UK
2) no227 (April 1999
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=512779546&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 512779546 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00346527 REM jtl: Review of Economic Studies issn: 00346527 maglogo: N pubinfo: dt: 2) no227 (April 1999 iid: 227 pid: 622 pub: Oxford University Press / UK artinfo: ui: 512779546 10.1111/1467-937X.00093 ppf: 423 ppct: 24 formats: tig: atl: Estimating multiple-discrete choice models: an application to computerization returns. aug: au: Hendel, Igal su: Brand choice Mathematical models Purchasing of personal computers Product differentiation sug: subj: Brand choice Mathematical models Purchasing of personal computers Product differentiation ab: Buyers in many markets face multiple-discrete choices: they can purchase multiple-units as well as multiple-brands at the same time. This paper presents a multiple-discrete choice model for the analysis of differentiated products demand. Users maximize profits by choosing the number of units of each brand they purchase. I estimate the model using micro-level data on the demand for personal computers. I use the estimated demand structure to assess the welfare gains from computerization and technological innovation in peripherals. The estimated return on investment in personal computers is 92%. Moreover, a 10% increase in the performance-to-price ratio of microprocessors leads to a 2.2% gain in the estimated user surplus. Reprinted by permission of Review of Economic Studies Ltd. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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