Estimation of Random-Coefficient Demand Models: Two Empiricists' Perspective
We document the numerical challenges we experienced estimating random-coefficient demand models as in Berry, Levinsohn, and Pakes (1995) using two well-known data sets and a thorough optimization design. The optimization algorithms often converge at points where the first- and second-order optimalit...
| Huvudupphovsmän: | , |
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| Materialtyp: | Artikel |
| Språk: | en_US |
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MIT Press
2014
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| Länkar: | http://hdl.handle.net/1721.1/87587 https://orcid.org/0000-0002-7654-8641 |