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...
| Päätekijät: | , |
|---|---|
| Muut tekijät: | |
| Aineistotyyppi: | Artikkeli |
| Kieli: | en_US |
| Julkaistu: |
MIT Press
2014
|
| Linkit: | http://hdl.handle.net/1721.1/87770 https://orcid.org/0000-0002-7654-8641 |