Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market
Posted: 26 Jan 2004
There are 3 versions of this paper
Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market
Number of pages: 36
Posted: 27 Nov 2001
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Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market
NBER Working Paper No. w6481
Number of pages: 43
Posted: 08 Aug 2000
Last Revised: 18 Sep 2022
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100
Abstract
In this paper, we consider how rich sources of information on consumer choice can help to identify demand parameters in a widely used class of differentiated products demand models. Most important, we show how to use "second-choice" data on automotive purchases to obtain good estimates of substitution patterns in the automobile industry. We use our estimates to make out-of-sample predictions about important recent changes in industry structure.
Suggested Citation: Suggested Citation
Berry, Steven T. and Levinsohn, James A. and Pakes, Ariel, Differentiated Products Demand Systems from a Combination of Micro and Macro Data: The New Car Market. Available at SSRN: https://ssrn.com/abstract=489663
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