All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

 
Dongling Huang and Christian Rojas
 
''The Outside Good Bias in Logit Models of Demand with Aggregate Data''
( 2013, Vol. 33 No.1 )
 
 
The logit model is the most popular tool for estimating demand in differentiated products markets. However, in its aggregate version, practitioners have to “guess” the size outside good. We propose a way to remove the bias created by an inaccurate guess in simpler versions of the model.
 
 
Keywords: Logit model, demand estimation, outside good, differentiated products
JEL: C1 - Econometric and Statistical Methods: General
D4 - Market Structure and Pricing: General
 
Manuscript Received : Jul 26 2012 Manuscript Accepted : Jan 23 2013

  This abstract has been downloaded 676 times                The Full PDF of this paper has been downloaded 104264 times