skip to content
Identification in differentiated products markets using market level data Preview this item
ClosePreview this item
Checking...

Identification in differentiated products markets using market level data

Author: Steven Berry; Philip A Haile; National Bureau of Economic Research.
Publisher: Cambridge, MA : National Bureau of Economic Research, ©2010.
Series: Working paper series (National Bureau of Economic Research : Online), working paper no. 15641.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
"We consider nonparametric identification in models of differentiated products markets, using only market level observables. On the demand side we consider a non-parametric random utility model nesting random coefficients discrete choice models widely used in applied work. We allow for product/market-specific unobservables, endogenous product characteristics e.g., prices), and high-dimensional taste shocks with  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy online

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Steven Berry; Philip A Haile; National Bureau of Economic Research.
OCLC Number: 497914569
Notes: Title from PDF file as viewed on 2/16/2010.
Description: 1 online resource (54 pages).
Series Title: Working paper series (National Bureau of Economic Research : Online), working paper no. 15641.
Responsibility: Steven T. Berry, Philip A. Haile.

Abstract:

"We consider nonparametric identification in models of differentiated products markets, using only market level observables. On the demand side we consider a non-parametric random utility model nesting random coefficients discrete choice models widely used in applied work. We allow for product/market-specific unobservables, endogenous product characteristics e.g., prices), and high-dimensional taste shocks with arbitrary correlation and heteroskedasticity. On the supply side we specify marginal costs nonparametrically, allow for unobserved firm heterogeneity, and nest a variety of equilibrium oligopoly models. We pursue two approaches to identification. One relies on instrumental variables conditions used previously to demonstrate identification in a nonparametric regression framework. With this approach we can show identification of the demand side without reference to a particular supply model. Adding the supply side allows identification of firms' marginal costs as well. Our second approach, more closely linked to classical identification arguments for supply and demand models, employs a change of variables approach. This leads to constructive identification results relying on exclusion and support conditions. Our results lead to a testable restriction that provides the first general formalization of Bresnahan's (1982) intuition for empirically discriminating between alternative models of oligopoly competition"--National Bureau of Economic Research web site.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/497914569> # Identification in differentiated products markets using market level data
    a schema:MediaObject, schema:Book, schema:CreativeWork ;
    library:oclcnum "497914569" ;
    library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/409571753#Place/cambridge_ma> ; # Cambridge, MA
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
    schema:about <http://experiment.worldcat.org/entity/work/data/409571753#Topic/supply_and_demand_econometric_models> ; # Supply and demand--Econometric models
    schema:about <http://id.worldcat.org/fast/1139116> ; # Supply and demand--Econometric models
    schema:about <http://id.loc.gov/authorities/subjects/sh85040863> ; # Economics--Statistical methods
    schema:about <http://id.worldcat.org/fast/902215> ; # Economics--Statistical methods
    schema:bookFormat schema:EBook ;
    schema:contributor <http://viaf.org/viaf/74918751> ; # Philip A. Haile
    schema:contributor <http://viaf.org/viaf/127108210> ; # National Bureau of Economic Research.
    schema:copyrightYear "2010" ;
    schema:creator <http://experiment.worldcat.org/entity/work/data/409571753#Person/berry_steven_steven_t> ; # Steven T. Berry
    schema:datePublished "2010" ;
    schema:description ""We consider nonparametric identification in models of differentiated products markets, using only market level observables. On the demand side we consider a non-parametric random utility model nesting random coefficients discrete choice models widely used in applied work. We allow for product/market-specific unobservables, endogenous product characteristics e.g., prices), and high-dimensional taste shocks with arbitrary correlation and heteroskedasticity. On the supply side we specify marginal costs nonparametrically, allow for unobserved firm heterogeneity, and nest a variety of equilibrium oligopoly models. We pursue two approaches to identification. One relies on instrumental variables conditions used previously to demonstrate identification in a nonparametric regression framework. With this approach we can show identification of the demand side without reference to a particular supply model. Adding the supply side allows identification of firms' marginal costs as well. Our second approach, more closely linked to classical identification arguments for supply and demand models, employs a change of variables approach. This leads to constructive identification results relying on exclusion and support conditions. Our results lead to a testable restriction that provides the first general formalization of Bresnahan's (1982) intuition for empirically discriminating between alternative models of oligopoly competition"--National Bureau of Economic Research web site."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/409571753> ;
    schema:inLanguage "en" ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/409571753#Series/nber_working_paper_series> ; # NBER working paper series ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/409571753#Series/working_paper_series_national_bureau_of_economic_research_online> ; # Working paper series (National Bureau of Economic Research : Online) ;
    schema:name "Identification in differentiated products markets using market level data"@en ;
    schema:productID "497914569" ;
    schema:publication <http://www.worldcat.org/title/-/oclc/497914569#PublicationEvent/cambridge_ma_national_bureau_of_economic_research_2010> ;
    schema:publisher <http://experiment.worldcat.org/entity/work/data/409571753#Agent/national_bureau_of_economic_research> ; # National Bureau of Economic Research
    schema:url <http://papers.nber.org/papers/w15641> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/497914569> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/409571753#Agent/national_bureau_of_economic_research> # National Bureau of Economic Research
    a bgn:Agent ;
    schema:name "National Bureau of Economic Research" ;
    .

<http://experiment.worldcat.org/entity/work/data/409571753#Person/berry_steven_steven_t> # Steven T. Berry
    a schema:Person ;
    schema:familyName "Berry" ;
    schema:givenName "Steven T." ;
    schema:givenName "Steven" ;
    schema:name "Steven T. Berry" ;
    .

<http://experiment.worldcat.org/entity/work/data/409571753#Place/cambridge_ma> # Cambridge, MA
    a schema:Place ;
    schema:name "Cambridge, MA" ;
    .

<http://experiment.worldcat.org/entity/work/data/409571753#Series/nber_working_paper_series> # NBER working paper series ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/497914569> ; # Identification in differentiated products markets using market level data
    schema:name "NBER working paper series ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/409571753#Series/working_paper_series_national_bureau_of_economic_research_online> # Working paper series (National Bureau of Economic Research : Online) ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/497914569> ; # Identification in differentiated products markets using market level data
    schema:name "Working paper series (National Bureau of Economic Research : Online) ;" ;
    .

<http://id.loc.gov/authorities/subjects/sh85040863> # Economics--Statistical methods
    a schema:Intangible ;
    schema:name "Economics--Statistical methods"@en ;
    .

<http://id.worldcat.org/fast/1139116> # Supply and demand--Econometric models
    a schema:Intangible ;
    schema:name "Supply and demand--Econometric models"@en ;
    .

<http://id.worldcat.org/fast/902215> # Economics--Statistical methods
    a schema:Intangible ;
    schema:name "Economics--Statistical methods"@en ;
    .

<http://viaf.org/viaf/127108210> # National Bureau of Economic Research.
    a schema:Organization ;
    schema:name "National Bureau of Economic Research." ;
    .

<http://viaf.org/viaf/74918751> # Philip A. Haile
    a schema:Person ;
    schema:birthDate "1966" ;
    schema:familyName "Haile" ;
    schema:givenName "Philip A." ;
    schema:name "Philip A. Haile" ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.