Estimating discrete choice demand models with sparse market-product shocks / Zhentong Lu, Kenichi Shimizu.: FB3-5/2025-10E-PDF
"We propose a new approach to estimating the random coefficient logit demand model for differentiated products when the vector of market-product-level shocks is sparse. Assuming sparsity, we establish nonparametric identification of the distribution of random coefficients and demand shocks under mild conditions. Then we develop a Bayesian estimation procedure, which exploits the sparsity structure using shrinkage priors, to conduct inference about the model parameters and counterfactual quantities"--Abstract, page ii.
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| Title | Estimating discrete choice demand models with sparse market-product shocks / Zhentong Lu, Kenichi Shimizu. |
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| Publication type | Monograph - View Master Record |
| Language | [English] |
| Format | Digital text |
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| Description | 1 online resource (ii, 45 pages) : graphs. |
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