Data and Code for: The Inverse Product Differentiation Logit Model
收藏ICPSR2024-01-01 更新2026-04-16 收录
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https://www.openicpsr.org/openicpsr/project/194501/version/V1/view?path=/openicpsr/194501/fcr:versions/V1/Experiments/Experiment1/DGP1&type=folder
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资源简介：
We introduce the inverse product differentiation logit (IPDL) model, a micro-founded inverse market share model for differentiated products that captures market segmentation according to one or more characteristics. The IPDL model generalizes the nested logit model to allow richer substitution patterns, including complementarity in demand, and can be estimated by linear instrumental variables regression with market-level data. Furthermore, we provide Monte Carlo experiments comparing the IPDL model to the workhorse empirical models of the literature. Lastly, we demonstrate the empirical performance of the IPDL model using a well-known dataset on the ready-to-eat cereals market.
提供机构：
THEMA, CY Cergy Paris Université; Department of Economics, University of Copenhagen; School of Economics, University of Bristol
创建时间：
2024-01-01
