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Empirical models of consumer behavior

Author: Aviv Nevo; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, ©2010.
Series: Working paper series (National Bureau of Economic Research), no. 16511.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
Models of consumer behavior play a key role in modern empirical Industrial Organization. In this paper, I survey some of the models used in this literature. In particular, I discuss two commonly used demand systems: multi-stage budgeting approaches and discrete choice models. I motivate their use and highlight some key modeling assumptions. I next briefly discuss key issues of estimation, and conclude by summarizing  Read more...
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Additional Physical Format: Print version:
Nevo, Aviv.
Empirical models of consumer behavior.
Cambridge, Mass. : National Bureau of Economic Research, ©2010
(DLC) 2011655762
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Aviv Nevo; National Bureau of Economic Research.
OCLC Number: 676688950
Description: 1 online resource (36 pages).
Series Title: Working paper series (National Bureau of Economic Research), no. 16511.
Responsibility: Aviv Nevo.

Abstract:

Models of consumer behavior play a key role in modern empirical Industrial Organization. In this paper, I survey some of the models used in this literature. In particular, I discuss two commonly used demand systems: multi-stage budgeting approaches and discrete choice models. I motivate their use and highlight some key modeling assumptions. I next briefly discuss key issues of estimation, and conclude by summarizing some extensions.

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