Prentice, David (2000): Estimating a Differentiated Products Model with a Discrete/Continuous Choice and Limited Data.
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This paper specifies a vertically differentiated products model for a product with a discrete/continuous choice. The model is easily estimated with the relatively limited data used in classical demand equation estimation, supplemented by readily available market characteristics data. The model, with some modifications, is estimated with a new dataset (by state and region) for the U.S. Portland cement industry. Plausible patterns of own and cross price elasticities are obtained. The role of market characteristics is estimated generalizing the applicability of the results to other markets and periods.
|Item Type:||MPRA Paper|
|Original Title:||Estimating a Differentiated Products Model with a Discrete/Continuous Choice and Limited Data|
|Keywords:||Vertical Differentiation; Demand; Portland Cement; United States|
|Subjects:||L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L11 - Production, Pricing, and Market Structure; Size Distribution of Firms
L - Industrial Organization > L6 - Industry Studies: Manufacturing > L61 - Metals and Metal Products; Cement; Glass; Ceramics
R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R3 - Real Estate Markets, Production Analysis, and Firm Location > R34 - Input Demand Analysis
|Depositing User:||David Prentice|
|Date Deposited:||07. Feb 2011 00:09|
|Last Modified:||12. Feb 2013 01:27|
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