Bayesian estimation of random-coefficients choice models using aggregate data (replication data)

DOI

This article discusses the use of Bayesian methods for estimating logit demand models using aggregate data. We analyze two different demand systems: independent samples and consumer panel. Under the first system, there is a different and independent random sample of N consumers in each period and each consumer makes only a single purchase decision. Under the second system, the same N consumers make a purchase decision in each of T periods. Interestingly, there exists an asymptotic link between these two systems, which has important implications for the estimation of these demand models. The proposed methods are illustrated using simulated and real data.

Identifier
DOI https://doi.org/10.15456/jae.2022319.1305487683
Metadata Access https://www.da-ra.de/oaip/oai?verb=GetRecord&metadataPrefix=oai_dc&identifier=oai:oai.da-ra.de:775927
Provenance
Creator Musalem, Andres; Bradlow, Eric T.; Raju, Jagmohan S.
Publisher ZBW - Leibniz Informationszentrum Wirtschaft
Publication Year 2009
Rights Creative Commons Attribution 4.0 (CC-BY); Download
OpenAccess true
Contact ZBW - Leibniz Informationszentrum Wirtschaft
Representation
Language English
Resource Type Collection
Discipline Economics