Measuring Substitution Patterns in Differentiated-Products Industries
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We study the estimation of substitution patterns within the discrete choice framework developed by Berry (1994) and Berry, Levinsohn, and Pakes (1995). Our objective is to demonstrate the consequences of using weak instruments in this non-linear GMM context, and propose a new class of instruments
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美国国家经济研究局创建时间：
2019-10-01
