The flexible coefficient multinomial logit (FC-MNL) model of demand for differentiated products.

We show FC-MNL is flexible in the sense of Diewert (), thus its parameters can be chosen to match a well-defined class of possible own- and cross-price elasticities of demand. In contrast to models such as Probit and Random Coefficient-MNL models, FC-MNL does not require estimation via simulation; i...

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Publicado en:	RAND Journal of Economics (Wiley-Blackwell) Vol. 45; no. 1; pp. 32 - 64
Autores principales:	Davis, Peter, Schiraldi, Pasquale
Formato:	Artículo
Publicado:	Wiley-Blackwell Spring2014
Materias:	Consumers Economic demand Multilevel models Monte Carlo method Discrete choice models Automobiles
Acceso en línea:	Ver este registro en EBSCOhost