Unobserved Product Differentiation in Discrete Choice Models: Estimating Price Elasticities and Welfare Effects
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Standard discrete choice models such as logit, nested logit, and random coefficients models place very strong restrictions on how unobservable product space increases with the number of products. We argue (and show with Monte Carlo experiments) that these restrictions can lead to biased conclusions
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美国国家经济研究局创建时间:
2002-02-01



